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FOR SALECARENOW$2,100,000
Willard H. (Bill) Langhenry, MAI
214-692-6920 Ext. 1
214-893-5331 cell
2355 E. GRAPEVINE MILLS CIRCLE
GRAPEVINE, TX
Property: CareNow Medical Facility, approximate 3,855 SF medical building. Masonry construc� on.
Tenant: CareNow operates 24 Medical Facili� es in the DFW area
Lease: Approximately 4 years remaining on 5-year renewal lease (same tenant since 1998), NNN leaseLoca� on: CareNow is located along E. Grapevine Mills Circle, with direct frontage on the TX-121 service
road. The site is directly in front of the Grapevine Mills Mall and adjacent to Bass Pro Shop.Na� onal-credit tenants in the surrounding area include FedEx, Hya� , Hilton, Embassy Suites,
Comfort Suites, Starbucks, Chick-fil-A, Hampton Inn, LA Fitness, Whataburger, and Golden Corral
INVESTMENT HIGHLIGHTSCARENOW- $2,100,000GRAPEVINE, TX
Willard H. (Bill) Langhenry, MAI
214-692-6920 Ext. 1
214-893-5331 cell
15-Year original lease term commencedSeptember 1, 1998. There are now 4 Yearsremaining on the 5 Year renewal, plusOne (1), Five (5) Year Renewal Op� on at prevailing market rate.
Lease Commencement: September 1,1998
Outstanding location in a high-growth,affluent area
Profitable Urgent Care provider with24 facilities throughout the DFWMetroplex.
Good quality masonry construction –building completed in 1998.
LOCATION MAPCARENOWGRAPEVINE, TX
Willard H. (Bill) Langhenry, MAI
214-692-6920 Ext. 1
214-893-5331 cell
LOCATION MAPCARENOWGRAPEVINE, TX
AERIAL MAPCARENOWGRAPEVINE, TX
Willard H. (Bill) Langhenry, MAI
214-692-6920 Ext. 1
214-893-5331 cell
AERIAL MAPCARENOWGRAPEVINE, TX
Willard H. (Bill) Langhenry, MAI
214-692-6920 Ext. 1
214-893-5331 cell
LEASE ABSTRACTCARENOWGRAPEVINE, TX
Willard H. (Bill) Langhenry, MAI
214-692-6920 Ext. 1
214-893-5331 cell
Tenant: Primary Health Inc., a Texas Corporation d/b/a CareNow
Completion : September 1, 2018
Term: 15-Year original lease term commenced Sept 1998. 4 Years remaining on a 5-Year
renewal, plus One (1), Five (5) Year Renewal Op� ons at prevailing market rate
LeaseCommencement: September 1, 1998
Building Size: Approximately 3,855 (100% leased to a single tenant)
Land Size: 23,598 SF or 0.5417 acres
Rent/ Month Rent/ AnnumRental Rate: Current through 8/30/18 $13,450 $161,400
One, 5-year option at market rental rate.
NNN Expenses: Tenant is responsible for all expenses arising from the use or operation of theproperty including taxes, insurance, utilities, and common area maintenance,
YIELD ANALYSISCARENOWGRAPEVINE, TX
Willard H. (Bill) Langhenry, MAI
214-692-6920, Ext. 1
214-893-5331 Cell
Price: $2,100,000 – All Cash
Annual Rental Income : $161,400 (3,855 SF @ $41.56/SF)
Less:
Structural Reserve @ $0.15/SF: (600)
Management @ $100/month: (1,200)
Net Opera� ng Income: $159,600
Capitaliza� on Rate: 7.60%
Sales Price/SF @ 3,855 SF $544.75
TENANT DESCRIPTIONCARENOWGRAPEVINE, TX
Willard H. (Bill) Langhenry, MAI
214-692-6920 Ext. 1
214-893-5331 cell
CareNow medical centers provide convenient medical care to families in the Dallas/Fort Worth area. Qualified physicians treat a range of Primary Care, Urgent Care and Occupa� onal Medicine needs. Most insurance is accepted. No appointment is needed and pa� ents can check-in online.
The doctors at CareNow are ready to meet all of a family’s general Primary Care medical needs, from sniffles to school physicals and beyond. They offer hours, loca� ons and services that make them more convenient than an ordinary doctor’s office
CareNow offers a full range of Physical Therapy services at four loca� ons in the Metroplex. Experienced Physical Therapists guide pa� ents through individualized treatment programs, designed to involve pa� ents in their recovery and teach them about proper body mechanics at therapy facili� es.
CareNow offers a comprehensive range of occupa� onal medicine services (OccMed services) as an occupa� onal health center to keep employees healthy and working safely. Their physicians emphasize a back-to-work mentality as theytreat your employees. They also work directly with pa� ents to provide clear answers about the health of their people using a number of detailed management reports.
CareNow can set up an occupa� onal medicine plan customized to corporate needs using a computerized Preference Card. You simply fill out your preferences for OccMed protocol, and that informa� on is put into prac� ce by adding it to an employees’ charts.
When people can’t wait to get well, they go to CareNow. They avoid the long waits and other difficul� es and high cost of going to a hospital emergency room for many Urgent Medical Care issues. Every CareNow center offers expert suture care for cuts, has complete x-ray facili� es for sprains and breaks, and is typically open un� l 10pm on weekdays, 8pm on Saturday and 5pm on Sunday.
24 LOCATIONS IN THE DFW METROPLEXCARENOWGRAPEVINE, TX
Willard H. (Bill) Langhenry, MAI
214-692-6920 Ext. 1
214-893-5331 cell
SURVEYCARENOWGRAPEVINE, TX
Willard H. (Bill) Langhenry, MAI
214-692-6920 Ext. 1
214-893-5331 cell
SITE PLANCARENOWGRAPEVINE, TX
ADDITIONAL PHOTOGRAPHS– SURROUNDING RETAILCARENOWGRAPEVINE, TX
ADDITIONAL PHOTOGRAPHS– CARENOW FACILITYCARENOWGRAPEVINE, TX
FLOOR PLANCARENOWGRAPEVINE, TX
INFORMATION ABOUT BROKERAGE SERVICESCARENOWGRAPEVINE, TX
