Portfolio of properties for Sale - South Johnson County
TWO AAA Rate Urgent care centers located in Midwest Olathe , KS and Ashwebenon , WI
Property Type: Retail / Medical Office (Single-Tenant Net Lease)
Sub-Type: Healthcare / Free-Standing
Address: 2920 Ramada Way, Ashwaubenon, WI 54304
Building Size: ~7,000 SF (confirm from rent roll)
Year Built: 1990s (renovated for Concentra build-out)
Lot Size: ~1.2 acres (confirm)
Parking: Surface, ~35 spaces
Number of Tenants: 1
Occupancy: 100%
Asking Price: $2,581,500
Cap Rate: 5.90%
NOI (Year 5, begins Nov 2026): $152,306
Price / SF: ~$369 (adjust to actual SF)
Lease Type: NN (Tenant pays taxes, insurance, CAM; Landlord responsible for roof/structure)
Tenant: Concentra Group Holdings (NYSE: CON)
Guaranty: Corporate
Lease Term Remaining: ~8.5 years
Rent Escalations: 1.5% annual increases
Renewal Options: Two (2), five (5) year options
Lease Commencement / Expiration: (per rent roll)
INVESTMENT HIGHLIGHTS
• 100% leased to Concentra, the nation's largest provider of occupational healthcare, with 500+ medical centers across 44 states
• Publicly traded parent (NYSE: CON) — corporate guaranty from investment-grade-quality operator
• ~8.5 years of primary term remaining with two (2) five-year renewal options
• 1.5% annual rent escalations provide hedge against inflation
• NN lease structure — minimal landlord responsibility (roof/structure only)
• Strategically located in the Green Bay MSA along high-traffic Ramada Way retail corridor
• Adjacent to Bay Park Square Mall and major national retailers driving daily traffic
• Strong medical fundamentals: occupational health is recession-resistant and benefits from secular tailwinds in workplace injury care
• Priced below recent Concentra trades — median 6 verified credit comps cleared at 6.00% cap
Listing Title: Concentra Urgent Care | NN Lease | NYSE-Listed Tenant | Kansas City MSA
Property Type: Retail / Medical Office (Single-Tenant Net Lease)
Sub-Type: Healthcare / Free-Standing
Address: 15430 S. Rogers Road, Olathe, KS 66062
Building Size: ~8,000 SF (confirm from rent roll)
Year Built: 2000s
Lot Size: ~1.5 acres (confirm)
Parking: Surface, ~40 spaces
Number of Tenants: 1
Occupancy: 100%
Asking Price: $3,223,400
Cap Rate: 5.90%
NOI (Year 5, begins Feb 2026): $190,181
Price / SF: ~$403 (adjust to actual SF)
Lease Type: NN (Tenant pays taxes, insurance, CAM; Landlord responsible for roof/structure)
Tenant: Concentra Group Holdings (NYSE: CON)
Guaranty: Corporate
Lease Term Remaining: ~7.8 years
Rent Escalations: 5% biennial increases (every 2 years)
Renewal Options: Two (2), five (5) year options
Lease Commencement / Expiration: (per rent roll)
INVESTMENT HIGHLIGHTS
• 100% leased to Concentra, nation's largest occupational healthcare provider (500+ centers, 44 states)
• Publicly traded parent (NYSE: CON) — strong corporate guaranty
• ~7.8 years primary term remaining + two (2) 5-year renewal options
• 5% biennial rent escalations — meaningful step-ups that compound across the term
• NN lease — landlord responsible only for roof/structure
• Located in Olathe, KS — one of the fastest-growing suburbs of Kansas City MSA (~150K population, top-rated school district)
• Heavy industrial/logistics employer base (Garmin HQ, FedEx, Honeywell) drives consistent workers-comp referral volume to Concentra
• S. Rogers Road is a primary north-south retail/medical corridor
• Recession-resistant occupational health use, supported by long-term secular demand for workplace injury treatment
