This sale-leaseback of the newly constructed Patient First Urgent Care Center in the Ritchie Station Shopping Center is offered with a 20-year absolute NNN lease backed by Patient First Corporation. Ritchie Station is located right off an Interstate 495 exit and is anchored by BJ’s, TJ Maxx, Aldi, Big Lots, Dollar Tree, Ashley Furniture, Panera, Residence Inn, and many more national retail stores. The lease offers generous 10% rent increases every 5 years. Capitol Heights is less than 5 miles east of the D.C./MD line and has a population of 245,830 with an average household income of $102,283 (2024 est) within a 5-mile radius of the new center. The landlord will have no obligations, just an NOI of $365,000 a year.
Patient First will provide area residents with walk-in, non-appointment access to urgent and primary medical care services 365 days a year, including all holidays.