HealthCARE Express Urgent Care
New Cap Rate! | Walmart Anchored | Absolute Net
Marketing description
Marcus & Millichap is pleased to present HealthCARE Express, a single-tenant medical office at 125 Arkansas Boulevard, Texarkana, Arkansas. Built in 2013, this 4,338 SF purpose-built facility on 0.78 acres sits at the signalized intersection of Arkansas/Texas Boulevard and Stateline Avenue, with exposure to more than 50,000 daily vehicles for superior traffic draw. Anchored by Walmart Supercenter and surrounded by national retailers, it enjoys prime visibility in Texarkana’s key commercial corridor. The metro area (146,000 population) is driven by defense (Red River Army Depot), manufacturing (paper, tires), healthcare, and logistics, supported by Texas A&M University-Texarkana and Texarkana College.
Founded in 2006 by Dr. Tim Reynolds, a board-certified emergency physician, HealthCARE Express leads in urgent care and occupational medicine across 20 clinics in four states. The absolute NNN lease provides 10.5 years remaining, 2% annual increases, and two five-year renewal options—delivering stable, long-term passive income with zero landlord responsibilities from a proven operator.
Additionally, the Arkansas Boulevard site is unique among urgent care facilities because of in-house digital X-ray/lab for instant results, on-site pharmacy for cash-pay/workers' comp, and strong occupational medicine -(recurring contracts for workers' comp, DOT physicals, drug screens)- from key employers like Red River Army Depot, Cooper Tire, and Domtar—yielding stable, high-margin revenue beyond standard walk-ins.
Investment highlights
- Stable Physician-Owned Tenant: Founded 2006 by Dr. Tim Reynolds; 20 clinics across 4 states, 100% physician-owned—lower risk than PE-backed chains.
- Strong Local Economy: Metro 146,000 population driven by defense (Red River Depot), manufacturing, healthcare, logistics; supported by Texas A&M-Texarkana and Texarkana College.
- Secure Long-Term Lease: Absolute NNN with 10 years left, 2% annual escalations, two 5-year renewals—predictable, inflation-protected cash flow with zero landlord duties.
- Occupational Medicine Advantage: In-house X-ray/lab, on-site pharmacy, recurring employer contracts (workers comp, DOT, drug screens) from Red River Depot, Cooper Tire, Domtar—high-margin, stable revenue beyond walk-ins.
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