

NextCare Urgent Care - Plano (Plano Pkwy), TX
Absolute NNN Lease | Infill Dallas Location | 3% Annual Rent Bumps | AHHI OF $161K in 1-mile Radius
Marketing description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire fee-simple interest in a freestanding single-tenant building located at 5076 W Plano Pkwy, Plano, TX ("Property" or "Asset"). The Property is 100% leased to NextCare Urgent Care (“Tenant” or “NextCare”) and has ±5.3 years of term remaining on an absolute NNN lease structure and 3% annual rent increases.
The Asset comprises 4,995 SF and sits on a 0.89-acre parcel. The Property operates as a Baylor Scott & White urgent care clinic, a partner of NextCare, providing walk-in medical services for a wide array of non-life-threatening illnesses and injuries. The facility is equipped with multiple exam rooms and offers on-site X-ray and laboratory services to support immediate diagnosis and treatment for conditions ranging from minor fractures to infections. The clinic has established a reputation for delivering convenient, high-quality care, a standing that is supported by strong patient reviews.
The Tenant is a leading national urgent care provider, operating a vast network of over 170 clinics across multiple states. As one of the largest urgent care providers in the United States, NextCare offers accessible and affordable medical services for a wide range of non-life-threatening illnesses and injuries.
The Property is strategically positioned in Plano, TX a suburb 16 miles north of downtown Dallas, one of the fastest growing metro areas in the US. It is located within a thriving medical corridor, minutes away from the Baylor Scott & White Medical Center, which drives significant demand for supporting outpatient services. The site benefits from excellent visibility on the highly trafficked W. Plano Parkway, which sees over 24,000 vehicles per day, and is surrounded by numerous other medical and dental practices that create a synergistic healthcare hub. This location allows the tenant to serve an exceptionally dense and affluent population. Within a five-mile radius, there are over 368,867 residents with an average household income of $143,396.
This offering provides an investor the opportunity to acquire a strategically located medical asset with secure, passive cash flow. The absolute NNN lease features approximately five years of remaining term and attractive 3% annual rent increases, ensuring long-term income growth in the recession-resistant healthcare industry.
Investment highlights
- Absolute NNN lease - ZERO landlord responsibilities
- Attractive 3% annual escalators
- Over 25+ years of operating history at this location
- Baylor Scott & White, a JV partner of NextCare, is the largest not-for-profit health system in Texas, serving 3M+ patients annually
- Located in a thriving medical corridor with a $16.1M project to improve Plano Pkwy
- Densely populated and affluent location, with avg. household income exceeding $161K in a 1-mile radius and over 368K residents in a 5-mile radius
- Minutes away from Baylor Scott & White Medical Center
- On highly trafficked Plano Pkwy with visibility to 24,000+ VPD
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