CareNow Urgent Care NN Lease

CareNow Urgent Care Center | Independence, MO

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

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