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Single-Tenant Office Medical

CareNow Urgent Care

2675 N Belt Line Rd, Irving, TX 75062

Listing Price: $3,000,000

Cap Rate
5.00%
Tenant Name
CareNow
Years Remaining On Lease
12.5
Guarantor
Corporate Guarantee
Rentable SF
4,558
Lease Type
Ground Lease
Rent Per Square Feet
$32.91

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CareNow Urgent Care located at 2675 N Belt Line Road in Irving, Texas. The site consists of roughly 4,558 rentable square feet of building space on estimated 1.27-acre parcel of land. This CareNow Urgent Care is subject to a 15-year ground lease. The current annual rent is $150,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 5, 5-year renewal options.

Investment Highlights

  • Long-Term, 15-YearGroundLease
  • Approximately12.5+YearsRemaining
  • CorporateTenant(150+Locations)

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Single-Tenant Office Medical

CareNow Urgent Care

Listing Price: $3,000,000

Cap Rate
5.00%
Tenant Name
CareNow
Years Remaining On Lease
12.5
Guarantor
Corporate Guarantee
Rentable SF
4,558
Lease Type
Ground Lease
Rent Per Square Feet
$32.91

Investment Highlights

  • Long-Term, 15-YearGroundLease
  • Approximately12.5+YearsRemaining
  • CorporateTenant(150+Locations)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CareNow Urgent Care located at 2675 N Belt Line Road in Irving, Texas. The site consists of roughly 4,558 rentable square feet of building space on estimated 1.27-acre parcel of land. This CareNow Urgent Care is subject to a 15-year ground lease. The current annual rent is $150,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 5, 5-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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