3811 Commons Ave NE
Albuquerque, NM 87109
Concentra Urgent Care | ±7-Yr NN | Albuquerqu · Office Property For Sale

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.