Urgent Care Is a Win for Net Lease Transactions

In a relatively down year in the single-tenant net lease medical sector, urgent care centers continue to pique more interest than other healthcare properties. (A net lease is one in which the tenant pays all expenses of the property—property taxes, common areas, building maintenance, and utilities—as if they owned it.) The Boulder Group, an investment real estate services firm, reports that in the third quarter of 2015 cap rates in the medical sector compressed, while urgent care properties are seeing the highest level of buyer demand. Boulder Group President Randy Blankstein reasons that investors recognize the growing need for urgent care clinics, and that the urgent care industry is “still in the early stage of growth.”