Community Care Physicians
6,000 SF | 1.92 AC | 1% Annual Rental Increases | 1, 5-Year Renewal Option
Marketing description
Northmarq National Healthcare Group is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single-tenant medical office building located in Slingerlands, New York (Albany MSA). The property is 100% occupied by Community Care Physicians (CCP). The tenant is subject to a Modified Gross lease structure with 1% annual rental increases and 1, 5-year option remaining. The initial lease term has 1.7 years of term remaining.
The tenant, Community Care Physicians, is a regional leading operator. In fact, Community Care Physicians is the largest independent multispecialty medical group in the Capital Region of New York. Community Care Physicians has over 1,800 employees, 430 practitioners and over 70 practices that cover over 30 different specialties of healthcare services. CCP specially has over 35 locations in the greater Capital Region of New York, including the Property, which offers Internal Medicine services.
The Property is advantageously located directly off Vista Blvd which sees over 11,000 VPD. It is situated near several retail and restaurant tenants as well as other medical practices including physical therapy, plastic surgery, and opthalmology. The market has exceptional demographics with a 5-mile radius population of over 130,000 people with an average household income of over $109,000.
Investment highlights
- Community Care Physicians is a regional leading operator. In fact, Community Care Physicians is the largest independent multispecialty medical group in the Capital Region of New York. Community Care Physicians has more than 70 practices covering over 30 healthcare specialties, as well as over 35 locations in the greater Capital Region of New York, including the Property.
- Within 15 minutes of the Property, according to Pivotal Analytics, there is a FTE ("full-time equivalent") physician gap of 50.6 for Internal Medicine services. This reveals that the Defined Market could support 50 additional physicians providing Internal Medicine services before the demand is fully met. Furthermore, it reveals that the Tenant has opportunity to continue to capture additional market share.
- The Property is situated in a diverse corridor with several national retailers and restaurants nearby. Furthermore, there is a strong medical presence with a broad-scope of medical practices offering services such as Physical Therapy, Plastic Surgery, and Opthalmology.
- The Property is located off Vista Blvd which sees over 11,000 vehicles per day and allows for extremely easy access for patients. Furthermore, the Property benefits from surrounding demographics which includes a population of over 130,000 boasting an average household income of $109,000 within 5 miles of the Property.
- According to RevistaMed, as of Q1 2026, both Albany and the surrounding 5-mile radius are significantly outperforming the National Average for year-over-year rental rate growth in medical office buildings. The Albany MSA is posting a strong 2.80% YoY rent growth, while the 5-mile ring around the Property is close behind at 2.70% — both well above the national average of 1.90%. This sustained outperformance underscores the strength of the local MOB market and presents a compelling opportunity for investors to capitalize on rental growth that is meaningfully exceeding national benchmarks.
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