Freestanding Urgent Care NNN
For Sale
Contact for pricing
Pending
1810 North Plano Road, Richardson, TX 75081
Freestanding single-tenant urgent care is 100% leased on an absolute NNN lease with 3% annual rent increases.
Property Size4,858 SF
Lot Size0.68 Acres
Days on Market129
Property Features for 1810 North Plano Road
General Information
Standard status
Pending
Size
4,858 SF
Lot size
0.68 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$129,547
Additional Details
Highway Access
Yes
Building Details
Year Built
1994
Tenancy
Single
Listing Agency:
JLL Austin
Listed By:
Kirby Hayes · License #TX 755222
Source:
Crexi
Added: Apr 30
Changed: Sep 2
Last Checked: Sep 4 at 1:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Austin
Investment Insights
Based on property information with market context.
A freestanding single-tenant urgent care building operates as a NextCare clinic and is offered as a fee-simple acquisition. The property totals 4,858 SF on a 0.68-acre parcel and is currently 100% leased to NextCare Urgent Care. The lease structure is described as absolute NNN, with approximately ±5.3 years of term remaining and 3% annual rent increases.
The clinic includes multiple exam rooms and provides on-site X-ray and laboratory services to support immediate diagnosis and treatment. NextCare is positioned as a walk-in provider serving non-life-threatening illnesses and injuries.
Located at 1810 N. Plano Road in Richardson, TX, the property is described as benefiting from visibility along the Hwy-75 corridor, which directly links Richardson to Dallas. The remarks also cite nearby population and household income figures within a 5-mile radius and a workforce within a 30-minute commute.
The clinic includes multiple exam rooms and provides on-site X-ray and laboratory services to support immediate diagnosis and treatment. NextCare is positioned as a walk-in provider serving non-life-threatening illnesses and injuries.
Located at 1810 N. Plano Road in Richardson, TX, the property is described as benefiting from visibility along the Hwy-75 corridor, which directly links Richardson to Dallas. The remarks also cite nearby population and household income figures within a 5-mile radius and a workforce within a 30-minute commute.
Key Highlights
- Freestanding single‑tenant urgent care building, built in 1994
- 4,858 SF facility on a 0.68‑acre parcel at 1810 N. Plano Road, Richardson, TX
- 100% leased to NextCare Urgent Care with about 5.3 years of term remaining
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,359
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,287,180
$1.3M
Cap Rate 7%
$919,414
$919.4K
Cap Rate 9%
$715,100
$715.1K
Market Conditions
NOI Build-Up for 4,858 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$116.6K $24.00/SF
− Vacancy
−$9.3K −$1.92/SF
EGI
$107.3K $22.08/SF
− OpEx
−$42.9K −$8.83/SF
NOI
$64.4K $13.25/SF
Area
Richardson, TX
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,287,180
Cap Rate 7%
$919,414
Cap Rate 9%
$715,100
Alternative Uses
Best Use
Healthcare Medical
$919.4K
$804.5K – $1.07M
NOI $64,359 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,254 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,365
Businesses Nearby
Explore this area
Business Placement
Demographics for 75081, TX
37,766
Population
14,662
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
90%
High-School Grad
9.0 sq mi
ZIP Area
4,196
Density / Sq Mi
$90,953
Median Household Income
$50,026
Median Earnings
$1,765
Median Rent
$340,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Freestanding single-tenant urgent care is 100% leased on an absolute NNN lease with 3% annual rent increases.
Where is this medical center located?
The property is located at 1810 North Plano Road Richardson, TX.
What is the asking price?
The asking price for this property is $1,919,210.
What are key features of this property?
This property features: Freestanding single‑tenant urgent care building, built in 1994; 4,858 SF facility on a 0.68‑acre parcel at 1810 N. Plano Road, Richardson, TX; 100% leased to NextCare Urgent Care with about 5.3 years of term remaining
