Current Use by Public Records
- Retail properties & Spaces
Property Details for 7760 State Hwy
- Lot size
- 0.87 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Drug stores
Description
Exceptional investment opportunity: a 4,640 square foot CareNow Urgent Care facility in Sachse, Texas. This single-tenant, net-lease property boasts a prime corner location directly across from a Walmart Supercenter and adjacent to an LA Fitness, ensuring high visibility and foot traffic. The property sits on a 0.87-acre lot and operates 24/7, seven days a week. The current lease, with a tenant, CareNow, a subsidiary of HCA Healthcare (the largest non-governmental healthcare provider in the US), expires July 1, 2030, with options for two five-year lease extensions. The property shows strong financial performance, with a current NOI of $197,896 and a pro-forma NOI of $217,685. Located in the rapidly growing Dallas-Fort Worth metroplex, this investment offers exceptional stability and potential for appreciation in a high-income area with excellent demographics. The property's strong tenant, long-term lease, and strategic location make it an ideal addition to any diversified portfolio. This is a Net, Net, Net (NNN) lease, minimizing landlord responsibilities. The acquisition of CareNow by HCA in 2023 further solidifies the tenant's financial strength and long-term viability. The asking price is $3,298,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sachse
- County
- Collin
- State
- Texas
- Longitude
- -96.5714
- Latitude
- 32.991
