1670 Ritchie Station Ct - Health Care FOR SALE


Capitol Heights, MD 20743
$6,800,000 USD
804-339-4662
1670 Ritchie Station Ct, Capitol Heights, MD for Sale
$6,800,000 USD
Health Care - FOR SALE
1/8
null | 5.37% Cap Rate

1670 Ritchie Station Ct
Capitol Heights, MD 20743


HIGHLIGHTS

  • Absolute NNN 20-Year Lease - No LL Responsibilities
  • 10% Rent Increases Every 5 Years
  • Corporate Guarantee from Patient First Corporation
  • New Construction in 2025 - SALE/LEASEBACK
  • Population of 361,325 within 5 miles
  • Excellent location of Interstate 495 in Ritchie Station surrounded by national retail

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$832 USD /SF

CAP RATE

5.37%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Patient First Urgent Care Sale-Leaseback

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

15-5602572

ASK ABOUT THIS PROPERTY

Michael KatzREF Advisory, IncMore Info
804-339-4662

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Michael KatzREF Advisory, IncMore Info
804-339-4662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.