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Single-Tenant Office Medical

CareNow Urgent Care & Physical Therapy Rehab Clinic | Kansas City MSA | New Long Term Lease

1300 E North Ave, Belton (Kansas City MSA), MO 64012

Listing Price: $3,370,800

Cap Rate
5.50%
Tenant Name
CareNow
Years Remaining On Lease
9.8
Gross SF
5,560
Guarantor
Corporate Guarantee
Rentable SF
5,560
Price/Gross SF
$606.26
Lease Type
Double Net
Rent Per Square Feet
$33.34

Investment Overview

Belton is a city in northwestern Cass County, Missouri and is part of the Kansas City metropolitan area. The City is located in northwest Cass County and is four miles from the Missouri-Kansas border on Missouri Route 58 west of I-49. Kansas City is the largest city in Missouri by population and area and is the 38th most-populous city in the United States. The Kansas City metro offers an attractive quality of life to its residents. It is home to many recreational parks, lakes and reservoirs. Kansas City’s central geographic location makes it a natural transportation and distribution hub. The metro is the second-largest rail mecca in the nation and the increased flow of goods from Mexico will drive intermodal growth in the region. Lower costs of living and doing business, in addition to an educated workforce, attract corporations and job seekers.

Investment Highlights

  • Long Term Lease Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term and Options. Lease is Guaranteed by a Subsidiary of HCA Healthcare, Inc (NYSE: HCA).
  • Complete 2021 Interior Renovation and Exterior Conversion by Tenant. Rare Dual Purpose CareNow Facility with Urgent Care and Physical Therapy Rehab Components.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 28k Vehicles. Near I-49 (54k+ VPD).
  • With more than 100 Urgent Care Clinics around the United States, CareNow offers a wide range of Primary & Urgent Care Services. HCA Healthcare, CareNow's Parent Company, is one of the Nation's Leading Providers of Healthcare Services. Demand for Urgent Cares is Stronger than it's ever been Especially Today w/ increased Demand from Covid-19 Testings.
  • Near Belton Regional Medical Center - A 71-Bed Acute Care Facility offering a Full Range of Inpatient and Outpatient Services. Recently Underwent a $39.2M Renovation & Expansion Project to meet the Growing Medical needs of its Community.
  • Pad Site to a Target and Home Depot - Surrounded by Numerous other National Retailers Including a CVS, Walgreens, Walmart, Sam's Club, Lowe's, ALDI, Hy-Vee, Kohl's, Harbor Freight and many more.
  • Bedroom Community of Kansas City - Densely Populated Area: Features more than 107k People Residing within a 7-Mile Radius.

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Single-Tenant Office Medical

CareNow Urgent Care & Physical Therapy Rehab Clinic | Kansas City MSA | New Long Term Lease

Listing Price: $3,370,800

Cap Rate
5.50%
Tenant Name
CareNow
Years Remaining On Lease
9.8
Gross SF
5,560
Guarantor
Corporate Guarantee
Rentable SF
5,560
Price/Gross SF
$606.26
Lease Type
Double Net
Rent Per Square Feet
$33.34

Investment Highlights

  • Long Term Lease Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term and Options. Lease is Guaranteed by a Subsidiary of HCA Healthcare, Inc (NYSE: HCA).
  • Complete 2021 Interior Renovation and Exterior Conversion by Tenant. Rare Dual Purpose CareNow Facility with Urgent Care and Physical Therapy Rehab Components.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 28k Vehicles. Near I-49 (54k+ VPD).
  • With more than 100 Urgent Care Clinics around the United States, CareNow offers a wide range of Primary & Urgent Care Services. HCA Healthcare, CareNow's Parent Company, is one of the Nation's Leading Providers of Healthcare Services. Demand for Urgent Cares is Stronger than it's ever been Especially Today w/ increased Demand from Covid-19 Testings.
  • Near Belton Regional Medical Center - A 71-Bed Acute Care Facility offering a Full Range of Inpatient and Outpatient Services. Recently Underwent a $39.2M Renovation & Expansion Project to meet the Growing Medical needs of its Community.
  • Pad Site to a Target and Home Depot - Surrounded by Numerous other National Retailers Including a CVS, Walgreens, Walmart, Sam's Club, Lowe's, ALDI, Hy-Vee, Kohl's, Harbor Freight and many more.
  • Bedroom Community of Kansas City - Densely Populated Area: Features more than 107k People Residing within a 7-Mile Radius.

Investment Overview

Belton is a city in northwestern Cass County, Missouri and is part of the Kansas City metropolitan area. The City is located in northwest Cass County and is four miles from the Missouri-Kansas border on Missouri Route 58 west of I-49. Kansas City is the largest city in Missouri by population and area and is the 38th most-populous city in the United States. The Kansas City metro offers an attractive quality of life to its residents. It is home to many recreational parks, lakes and reservoirs. Kansas City’s central geographic location makes it a natural transportation and distribution hub. The metro is the second-largest rail mecca in the nation and the increased flow of goods from Mexico will drive intermodal growth in the region. Lower costs of living and doing business, in addition to an educated workforce, attract corporations and job seekers.

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

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