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Property ID: 30815

AFC Urgent Care


City: Linden

State: NJ

Date Added 06/27/2023 Date Updated 11/08/2023

FINANCIAL PROFILE

  • Price $6,270,000
  • NOI $344,800
  • Cap Rate 5.50%
  • Price PSF N/A
  • Rent PSF N/A

PROPERTY OVERVIEW

  • Type of Ownership Fee Simple (Land & Building Ownership)
  • Year Built 2023
  • Year Remodeled
  • Gross Leasable Area (GLA)
  • Building Size (SFT) 6
  • Lot AC
  • Tenancy

LEASE ABSTRACT

  • Lease Type NNN
  • Years Remaining 10
  • Guarantor
  • Initial Term Increases
  • Initial Term Lease Begin 01/01/1970
  • Initial Term Lease Expiration 01/01/1970
  • Renewal Options 2 (5-Year) & 3 (5-Year)
  • Option Increases
  • Rent Holidays

DEMOGRAPHICS

Population

1-Mile 3-Mile 5-Mile
17,610 148,027 462,777

Average Household Income

1-Mile 3-Mile 5-Mile
$93 $104 $113

VEHICLES PER DAY

70

COMPANY

Dr. Bruce Irwin opened the first American Family Care in 1982, making it the first Urgent Care, Family Care, and Primary Care Practice in Birmingham, Alabama and now serves more than 3 million patients per year. Urgent care has benefited in recent years by a drive by insurers and health providers to cut costs. Based on the same principles as retailers, urgent care centers aim to offer a cheaper and more efficient alternative to visiting a doctor’s office or emergency room. They typically promise to service patients on a walk-in basis and accept payments for services like x-rays or stitches from people with or without health insurance.

LOCATION

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