CareNow Urgent Care NN Lease Medical Independence Missouri

Make an Offer

Investment Offering

Tenant: CareNow Urgent Care Center | Independence, MO
Premises: $444.62 SF
Renewal Options: 2 x 5 Years

Lease Expiration: 2/29/2028
Lease Type: NN
Rental Increases: 2% Annually

Sands Investment Group is Pleased to Present For Sale the CareNow Urgent Care NN Lease Located in Independence, Missouri. Independence is Just 14-Miles From Downtown Kansas City and 15-Miles From the Country Club Plaza. This Location Was Built in 2017 Following a $600,000 Contribution For Construction From the Tenant Showing a Substantial Commitment to the Location. The 1.36 Acre Site Provides Ample Parking For the Above Average Sized Urgent Care Center at 6,185 SF. This Deal Includes Over 5 Years Remaining on a Double Net (NN, Roof & Structure Only) Lease Featuring Two 5-Year Options and 2% Annual Rent Escalations. This Asset Has Been Priced Based on the Future Guaranteed Rent as of March 1, 2023. The Difference in Rent Between Closing and Lease Anniversary Will Be Credited to Buyer at Closing, Prorated on a Daily-Calculation Basis.

Kansas City, MO Area CareNow Urgent Care Located as an Outparcel to a Target Shopping Center
Tenant Invested $600,000 Into the Construction of the Building and Has Seen Increasing Average Monthly Visits Over the Past 2 Years Showing a Strong Commitment to the Location
Stable Income Stream From Credit Tenant With 2% Annual Increases to Help Mitigate the Effects of Inflation
Part of the Bolger Square Shopping Center Anchored By Target and Containing AutoZone, Chase Bank, LongHorn Steakhouse and a Phillips 66
Deal is Priced on Effective Rent as of March 1, 2023 With Annual Rent Increasing 2% to $165,116; Difference in Rent Between Closing and Lease Anniversary Will Be Credited to Buyer at Closing
Lease is Guaranteed By Galen HoldCo LLC, an Affiliate of HCA Healthcare, Inc. (NYSE: HCA, BB+ Rating per Fitch) HCA Healthcare is the Largest For- Profit Hospital Chain in the U.S., and Reported $6.95 Billion in Net Income in 2021; CareNow is the Urgent Care Division of HCA Healthcare
5-Mile Demographics Sees a Population of 140,573 With an Average Income of $77,057
63,572 Collected Vehicles Per Day Within 4/10’s of a Mile From the Site

In Cooperation With ParaSell, Inc., A Licensed Missouri Broker – Lic. #2019035835 BoR: Scott Reid – Lic. MO #2019024102

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Tenant Overview

HCA Healthcare is dedicated to giving people a healthier tomorrow. As one of the nation’s leading providers of healthcare services, HCA Healthcare is comprised of 182 Hospitals and 2,300+ sites of care in 20 states and the United Kingdom. In addition to hospitals, sites of cares include surgery centers, freestanding ERs, urgent care centers, diagnostics and imaging centers, walk-in clinics and physician clinics. As a learning healthcare center, HCA Healthcare analyzes from more than 35 million patient encounters each year. This data helps develop technologies and best practices that improve patient care. In 2021, HCA Healthcare spent $3.3 Billion on capital investment in land, buildings and equipment. In addition, HCA Healthcare pays significant taxes that help revitalize communities. HCA Healthcare is excited about the future of medicine. HCA Healthcare is uniquely positioned to play a leading role in the transformation of care.

CareNow is dedicated to reducing people’s wait while improving their health. With more than 175 urgent care clinics around the United States, CareNow is ready to serve you near your home, workplace or school. Its clinics are open 7 days a week and stay open late to provide care when it is needed the most. Each CareNow® clinic is staffed by qualified and experienced healthcare providers dedicated to improving lives. Its doctors and medical staff are trained in family practice, emergency medicine or internal medicine. CareNow delivers quality, convenient, patient-centered urgent care with unparalleled service around
the United States. Its physician-driven focus is centered on providing extensive resources and support to its growing CareNow physician team. Its doctors and medical staff are trained in family practice, emergency medicine or internal medicine. It offers a wide range of primary and urgent care services for the entire family. CareNow urgent care centers are accredited through the Urgent Care Association (UCA), which is the highest level of distinction for urgent care.

Area Overview