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CareNow | Triple (NNN) Net Lease Investment

$4,112,939

1501 Southwest Wilshire Boulevard, Burleson, TX 76028

Active
Last Updated: 03/30/2021

5.75

Cap Rate

236,494

NOI

Details:
Cap Rate:    5.75%
NOI:    $236,494
Building Size:    5,575 sqft
Lot Area:    0.77 acres
Lease Type:    Triple Net
Year Built:    2011
Price Per Sqft:    $737.75
Property Taxes, Insurance & Common Area :    Tenant's Responsibility
Roof, Structure & Parking Lot :    Landlord's Responsibility
Repairs, Maintenance, HVAC Utilities :    Tenant’s Responsibility
Highlights:
  • Over 8 Years Remaining on a Triple Net (NNN) Lease With Minimal Landlord Responsibilities
  • 2% Annual Increases and Three, 5 Year Option Periods
  • CareNow Urgent Care Facilities Are Essential Businesses; Amazon and Pandemic Proof
  • With More Than 100 Locations in the U.S., CareNow is Ready to Serve You Near Home, Work or School - All Clinics Are Open 7 Days a Week
  • CareNow® Urgent Care Centers Are Accredited Through the Urgent Care Association (UCA) , Which is the Highest Level of Distinction For Urgent Care
  • Primary Health, Inc. is a Subsidiary of HCA Healthcare (NYSE: HCA) Who Acquired Dal las Based CareNow in 2014 Which at That Time Added 24 Urgent Care Centers to HCA North Texas Division; HCA Healthcare Comprises of More Than 180 Hospitals and 2,000+ Sites of Care in 21 States and the United Kingdom
  • Located in an Income Tax Free State
  • Extremely Affluent Area With an Average Household Income of $94,917 and 42,927 Residents Living Within a 3-Mile Radius
  • Located Along State Highway 174 and SE John Jones Drive Which Sees a Combined Traffic Count of Over 53,890 VPD
  • Burleson is Ranked in the Top 5 “Texas Communities to Raise a Growing Family ”
  • Located Within the Dallas-Fort Worth Metropolitan Area, Burleson is Fort Worth’s Closest and Largest Neighbor to the South; it is Strategically Bisected By One of the Most Travelled Interstates in America, I -35 West , the NAFTA Corridor That Supports North American Manufacturing
  • Neighboring Tenants Include: Kroger , ALDI, Target , Petco, H-E-B Plus! , Harbor Freight Tools, Home Depot , O’Reilly Auto Parts, Goodwill , Wells Fargo Bank, Chase Bank, Chick- fil -A, Sonic Drive-In, Starbucks and Many More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,575 SF CareNow Located at 1501 SW Wilshire Boulevard in Burleson, Texas. This Deal Includes Over 8 Years Remaining on a Triple Net (NNN) Lease With Minimal Landlord Responsibilities, Providing For a Secure Investment.





In Cooperation With Sands Investment Group Austin, LLC Lic. # 9004706
BoR: Max Freedman - TX Lic. # 644481

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