Healthcare    

HealthCARE Express

Physician Owned & Operated Urgent Care

 Sherwood (Little Rock), AR

Asking Price

$2,410,000

Cap Rate

7.00%

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Expenses

Absolute NNN

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Lease Term Remaining

11 Years

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Rent Increases

2% Annually

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Land Area

0.91 AC

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Square Feet

3,523 SF

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease with No Landlord Obligations 
    The Property is subject to an Absolute NNN lease with zero Landlord obligations. This lease structure provides a truly passive investment, allowing potential investors to simply collect rent payment each month.  
  • Attractive Annual Rental Escalations
    The lease calls for 2.0% annual rental escalations throughout the base term as well as throughout the option periods, providing bolstered return and an inflationary hedge.  
  • Long-Term Lease with Options to Renew
    The Property has 11 years of lease 
    term remaining bringing the base term expiration date to the end of 2035. Combined with 2, 5 year renewal option periods, the investment is scheduled to provide cash flow to potential investors until 2045.
  • Credible Operator
    Founded in 2006, Healthcare Express is a long-standing, well-respected operator of acute healthcare services, with 17 Urgent Care and Occupational Medicine clinics, a Physical Therapy clinic, an Imaging Center, a Dermatology and Age Management clinic, and a 24-hour Sportsplex across a four state region.
  • Modern Construction
    The Property was constructed in 2018. The 3,523 SF building features an attractive and modern façade and sits on a 0.91 acre lot. The Property is Healthcare Express' newest prototype, and offers Urgent Care, Occupational Medicine, and Imaging & X-Ray services.
  • Adjacent to Hospital Location 
    The Property is adjacent to CHI St. Vincent North Hospital. CHI St. Vincent North Hospital is a 68-bed, short term, acute care facility with 310 employees and approximately $406 million in annual patient revenues.
  • Strong Retail and Healthcare Corridor
    The Property is located along Country Club Road in the primary retail and healthcare corridor in Sherwood. Nearby national retailers and restaurants include Academy Sports & Outdoors, Salt Grass Steak House, and Tropical Smoothie, among others. Several healthcare providers such as Arkansas Specialty Care Center, CHI St. Vincent North Hospital, Delta Dental of Arkansas, and Wildwood Center & Medical Tower are 
  • Excellent Demographics
    Within a 3-mile radius of the Subject Property, there is a population totaling 49,644 with an average household income of $98,179. Furthermore, the Property benefits from 11,000+ VPD along Country Club Rd and 16,000+ VPD along Wildwood Ave. Additionally, Highway 167 is less than 0.5 miles away, and has a VPD of over 82,000.

Exclusively Listed By

Jeff Matulis

Senior Vice President
  jmatulis@northmarq.com      918.794.9525

Toby Scrivner

Senior Vice President
  tscrivner@northmarq.com      918.794.9554

Christian Vaughan

Vice President
  cvaughan@northmarq.com      918.794.9544

Caleb Edwards

Senior Associate
  cedwards@northmarq.com      918.884.3148

John Heitmann

Producer - Debt Contact
  jheitmann@northmarq.com      847.323.0312

In Association with:
Chad Byerly
AR Lic #PB00082928

Northmarq

6120 S Yale Ave, Suite 300
Tulsa, OK 74136

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