Concentra Urgent Care | ±7-Yr NN | NYSE: CON Tenant |… — Sale in Albuquerque, NM

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Albuquerque, NM 87109

Photos

Concentra Urgent Care | ±7-Yr NN | NYSE: CON Tenant |… — Sale in Albuquerque, NM, photo 1 of 3
Concentra Urgent Care | ±7-Yr NN | NYSE: CON Tenant |… — Sale in Albuquerque, NM, photo 2 of 3
Concentra Urgent Care | ±7-Yr NN | NYSE: CON Tenant |… — Sale in Albuquerque, NM, photo 3 of 3

Investment Figures

Cap rate
6.28%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Concentra Urgent Care facility located at 3811 Commons Ave NE in Albuquerque, New Mexico, within the established Journal Center employment district. The ±11,900-square-foot medical facility sits on ±1.37 acres and is secured by a NN lease with ±7 years remaining and two (2) five-year renewal options at 95% of fair market value. The lease generates $178,818 in annual base rent ($14,901/month) at a 6.28% cap rate, with scheduled 2% annual rent increases providing consistent income growth throughout the remaining primary term. The tenant, Concentra Health Services, Inc., is a corporate subsidiary of Concentra Group Holdings Parent, Inc. (NYSE: CON), the nation's largest occupational health provider, operating 1,000+ locations nationwide with $2.2 billion in annual revenue and 13.5 million patient visits annually. The property is positioned within Albuquerque's North I-25/Journal Center corridor, one of the city's largest employment concentrations with 13,000+ employees, offering proximity to Interstate 25 (±172,606 VPD) and Singer Blvd NE (±7,580 VPD). The surrounding trade area features the @25 Shopping Center and national retailers including Costco, Sam's Club, REI, PetSmart, and Whole Foods. The 5-mile radius holds 244,139 residents with an average household income of $109,466. Albuquerque anchors New Mexico's largest MSA with 932,071 residents, supported by major employers including Sandia National Laboratories, Kirtland Air Force Base, Intel, and the University of New Mexico, pairing stable occupational healthcare demand with long-term net-lease income. Investment Highlights: • ±7 Years Remaining on Established NN Lease with Two (2) Five-Year Renewal Options at 95% FMV • Scheduled 2% Annual Rent Increases Throughout Remaining Lease Term • Corporate Concentra Health Services, Inc. as Tenant, Subsidiary of NYSE-Listed Parent (CON) • Nation's Largest Occupational Health Provider with

Market Context

This office in Albuquerque, NM is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Albuquerque, NM — view the full market.

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