

NextCare Urgent Care - Richardson, TX
Absolute NNN Lease | Infill Dallas Location | 3% Annual Bumps | 25+ Years Operating History | 6.75%
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 1810 N. Plano Road, Richardson, 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 4,858 SF and sits on a 0.68-acre parcel. The Property operates as a NextCare Urgent Care clinic, a partner of Baylor Scott & White, 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 Richardson, TX a suburb 15 miles north of downtown Dallas, one of the fastest growing metro areas in the US. This proximity provides excellent visibility via the Hwy-75 corridor, a major artery that sees over 198,664 vehicles daily over the state line, directly linking Richardson to Dallas. The city's strategic location provides businesses with access to a skilled workforce of 1.9 million people within a 30-minute commute. This seamless connection makes Richardson a prime residential area for Dallas’ workforce, allowing the urgent care to tap into the expansive and affluent population of the greater Dallas-Fort Worth metropolitan area, which is home to nearly 8.4 million people. The immediate vicinity boasts a population of 371,945 and an impressive average household income of $118,511 within a 5-mile radius.
This offering provides investors with the opportunity to acquire a single-tenant urgent care facility with secure, passive cash flow from an absolute NNN lease. The investment is backed by a leading national operator in the recession-resistant healthcare industry, which has a proven 25+ year operating history at this site demonstrating a strong commitment to the location. The Asset's strategic location in Richardson, anchored by the powerhouse Dallas-Fort Worth MSA, coupled with attractive 3% annual rent increases, offers stable, passive income with excellent growth potential.
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
- The local area boasts exceptional potential with an average household income of $137,000+ within a 1-mile radius and nearly 371,000+ residents in a 5-mile radius
- The Asset is situated directly across from the Richardson IQ®, a 1,200-acre innovation district with over 13.4M SF of real estate and 1,100+ businesses
- On highly trafficked N Plano Rd with visibility to 27,000+ VPD
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