Concentra Urgent Care
Office | 5.90% CAP
Marketing description
A free-standing, single-tenant urgent care and occupational health facility located in the heart of Green Bay's premier retail and entertainment corridor within one mile of Lambeau Field, the Resch Center, and Bay Park Square Mall. Occupied by Concentra Health Services, Inc. (NYSE: CON), the largest operator of occupational health centers in the United States, under a long-term corporate-guaranteed net lease.
The subject property sits on Ramada Way at the Oneida Street interchange of Interstate 41 a corridor carrying ~65,465 vehicles per day on 1-41 and ~17,782 vehicles per day on Oneida Street. Over 128,000 residents live within a five-mile radius and more than 217,000 within ten miles. Green Bay Austin Straubel International Airport (GRB) is just two miles away, and the property is within walking distance of Lambeau Field, the Resch Center, and Bay Park Square Mall.
Major national tenants in the immediate trade area: Target, JCPenney, Kohl's, Texas Roadhouse, Applebee's, Chipotle, Subway, Denny's, Dollar Tree, Sherwin Williams, OfficeMax, Honda, Enterprise, Shell, and Bellin Health Urgent Care - with several hospitality flags (Hampton Inn, Comfort Inn, Wyndham) within a one-mile radius.
Investment highlights
- Trophy Tenant. Concentra (NYSE: CON) operates 620+ centers across 41 states with FY 2025 revenue of $2.16 billion and Adjusted EBITDA of $431.9 million.
- Mission-Critical Location. Key infill site within Green Bay's primary commercial corridor along Highway 172 (~83,000 VPD) and South Oneida Street (~21,000 VPD), within walking distance of Lambeau Field, Resch Center, and Bay Park Square Mall.
- Strong Employer Base. Schneider National (HQ 2.5 miles away~19,400 employees), Bellin Health, Schreiber Foods, Aurora BayCare, and the Green Bay Packers organization.
- Exclusive Use Granted. Tenant holds a contractual exclusive on occupational/urgent care use.
- Renewal Optionality. Multiple long-term renewal options at fair market rent.
- Passive, Net-Lease Structure. Tenant reimburses real estate taxes and insurance; ideal for 1031 exchange and passive private capital.
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