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Single-Tenant Office Medical

Concentra Urgent Care

18357 Interstate 35 West Service Rd, Northlake, TX 76262

Listing Price: $4,556,000

Cap Rate
6.35%
Tenant Name
Concentra
Years Remaining On Lease
9.9
Gross SF
8,418
Guarantor
Corporate Guarantee
Rentable SF
8,418
Price/Gross SF
$541.22
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.36

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Concentra Urgent Care in Northlake, TX. The property consists of a 8,418-square-foot, freestanding building that sits on approximately 1.09 acres of land. There are 9.9 years remaining on the lease with 2% rental increases annually.

Investment Highlights

  • Triple-Net Lease with 9.9 Years Remaining
  • Two Percent Annual Rental Increaes
  • Near the Signalized Hard Corner of Interstate 35 and Highway 114; Combined Traffic Counts Exceed 112,064 Vehicles per Day
  • Across from the Texas Motor Speedway, One of the Largest Sports Facilities in the U.S.
  • More Than 142,232 Residents and an Average Household Income of $151,830 Within a Five-Mile Radius
  • Corporate Guaranteed Lease (NYSE: CON)
  • Large 1.09 Acre Parcel with Ample Parking and Multiple Access Points
  • Near the Highway 114 Expansion Project

Exclusively Listed By

Single-Tenant Office Medical

Concentra Urgent Care

Listing Price: $4,556,000

Cap Rate
6.35%
Tenant Name
Concentra
Years Remaining On Lease
9.9
Gross SF
8,418
Guarantor
Corporate Guarantee
Rentable SF
8,418
Price/Gross SF
$541.22
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.36

Investment Highlights

  • Triple-Net Lease with 9.9 Years Remaining
  • Two Percent Annual Rental Increaes
  • Near the Signalized Hard Corner of Interstate 35 and Highway 114; Combined Traffic Counts Exceed 112,064 Vehicles per Day
  • Across from the Texas Motor Speedway, One of the Largest Sports Facilities in the U.S.
  • More Than 142,232 Residents and an Average Household Income of $151,830 Within a Five-Mile Radius
  • Corporate Guaranteed Lease (NYSE: CON)
  • Large 1.09 Acre Parcel with Ample Parking and Multiple Access Points
  • Near the Highway 114 Expansion Project

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Concentra Urgent Care in Northlake, TX. The property consists of a 8,418-square-foot, freestanding building that sits on approximately 1.09 acres of land. There are 9.9 years remaining on the lease with 2% rental increases annually.

Exclusively Listed By

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