Concentra Urgent Care NNN Properties for Sale

Investors seeking predictable income streams with minimal management responsibilities are increasingly turning to NNN properties. These assets transfer most operational costs to the tenant, leaving owners with reliable cash flow and few day-to-day obligations. Within this space, Concentra Urgent Care (NYSE: CON) has emerged as a compelling choice for healthcare-oriented investors. The combination of a strong national brand, a growing healthcare market, and long-term lease structures makes Concentra Urgent Care NNN properties for sale an attractive component in a diversified real estate portfolio.

Understanding NNN in the Context of Healthcare

An NNN lease — also called a net lease — is a commercial real estate investment model where the tenant covers property taxes, insurance, and maintenance in addition to base rent. This arrangement reduces landlord risk and provides passive income. Many triple-net assets are retail-oriented, but healthcare tenants like Concentra Urgent Care are becoming more prominent due to demographic and economic trends.

Healthcare services are considered essential, making them resistant to economic downturns. Urgent care centers offer walk-in treatment for non-emergency medical issues, serving both insured and uninsured patients. Their resilience, combined with long lease terms, supports steady returns for investors.

Who is Concentra Urgent Care?

Concentra Urgent Care is a nationwide provider specializing in injury care, occupational medicine, and general healthcare services. Its model addresses employer needs for workforce health while serving local communities. This dual focus on occupational health and patient care strengthens its revenue base.

The company’s locations are typically found in accessible areas with strong trade area demographics. A standard facility often measures around 4,000 to 6,000 square feet within a shopping center or standalone building on a lot size sufficient for off-street parking. These sites are selected based on traffic counts (VPD), visibility, and proximity to major employers — factors that help maintain consistent patient volumes.

Why Investors Favor Concentra Urgent Care NNN Properties

Investors view Concentra Urgent Care NNN properties for sale as an investment opportunity that blends stability with growth potential. Reasons include:

Long Lease Term – Typical lease terms run 10–15 years, providing income certainty.
Rental Increases – Regular annual rental increases or scheduled rental increases every five years help offset inflation.
Occupational Medicine Advantage – Many tenants offer employer-based health programs, ensuring a stable corporate client base.
Corporate Guarantee – Leases are often backed by Select Medical Holdings Corporation, adding credit strength.
Minimal Landlord Duties – Absolute NNN lease structures leave nearly all responsibilities to the tenant.

Lease Strucutre and Benefits

The lease type for most Concentra properties is absolute NNN. This means the tenant handles property taxes, insurance, repairs, and capital expenditures. Such arrangements are appealing because they reduce the need for property management services, allowing owners to collect rent without active oversight.

With triple net investments, the subject property value is tied closely to the tenant’s stability. In this case, the healthcare sector’s resilience adds an extra layer of security. For investors using financing, predictable cash flow can also simplify lender approvals.

Cap Rate Expectations

In today’s market, cap rate ranges for Concentra Urgent Care NNN properties typically fall between 5.25% and 6.5%, depending on location, remaining lease term, and tenant credit. High-demand urban markets in places like Texas and California often yield lower cap rates, while properties in secondary areas may offer higher yields.

It’s important to consider the relationship between cap rate and risk. A lower cap rate often signals a safer investment with strong tenant retention, while a higher cap rate may indicate additional due diligence is required.

Due Diligence Essentials

Conducting thorough due diligence is crucial before committing to any commercial real estate purchase. For Concentra Urgent Care NNN deals, an offering memorandum should focus on:

Verifying lease terms, including year options for renewal.
Reviewing corporate guarantees and tenant financials.
Evaluating traffic counts (VPD) and demographics in the trade area.
Checking for competing medical offices (DaVita) or urgent care providers nearby.
Confirming any obligations outside the NNN structure.

Location and Trade Area Insights

The location of a Concentra Urgent Care facility plays a major role in its performance. Many are situated in or near shopping centers with complementary retailers, or as standalone medical office properties with ample parking. A strong trade area will feature high average household income, favorable demographics, and limited direct competition.

Proximity to major roads with high traffic counts not only boosts visibility but also ensures accessibility for both patients and employer clients seeking occupational health services.

Conclusion: Final Thoughts

Working with an experienced buyer’s broker like TripleNetCompanies.com is invaluable when navigating the NNN market. A broker with decades of expertise in investment properties can:

Identify off-market investment opportunities before they’re widely listed.
Analyze the property type, tenant stability, and lease term strength.
Provide guidance on 1031 exchanges and tax strategies.
Streamline negotiations to secure favorable terms.

Triple Net Companies has over 40 years of experience representing buyers exclusively, ensuring that each client acquires a property aligned with their financial objectives and risk profile.

Concentra Urgent Care NNN properties for sale offer a rare blend of essential healthcare services, long-term lease stability, and minimal management obligations. For investors seeking both security and predictable returns, they represent a high-quality real estate investment within the broader triple net sector.

By leveraging the expertise of a seasoned buyer’s broker and adhering to disciplined due diligence, investors can secure a property that supports their portfolio for decades to come.

Questions about NNN Properties for Sale?

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