7760 State HwySachse, TX 75048

Property Details for 7760 State Hwy

Lot size

0.87 AC

Property size (Sq ft)

4,640 SF

Property type

Retail properties

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.

Location Insight

City

Sachse

County

Collin

State

Texas

Latitude

32.991

Longitude

-96.5714

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