concentra urgent care - loopnet...concentra has been operating at the site since 2007 as an urgent...

CONCENTRA URGENT CARE

OFFERING MEMORANDUM

268 High land Park Blvd Wi lkes Bar re Township , PA

Wyoming Valley Mall

2

Co

nc

en

tr

a

Ur

ge

nt

C

ar

e

-

Wi

lk

es

B

ar

re

,

PA

//

M

ar

cu

s

&

Mi

ll

ic

ha

p

Mark KrantzNational Retail Group Philadelphia, PALicense: PA RS336064

TABLE OF CONTENTSSection 1: Investment SummaryProperty Overview......................................................6Rent Roll....................................................................7Investment Overview and Highlights............................8Lease Abstract...........................................................9Section 2: Tenant OverviewConcentra................................................................11

Section 3: Location OverviewRegional Map.........................................................13Aerial Map.............................................................14Location Overview...................................................15Demographic Summary......................................16-17

OFFERED EXCLUSIVELY BY

Derrick DoughertyFirst Vice PresidentPhiladelphia, PACell: 610.329.5886 Office: 215.531.7026Email: [email protected] License: PA RS305854

Scott WoodardNational Retail GroupPhiladelphia, PALicense: PA RS329242

Marcus & Millichap2005 Market Street #1510

Philadelphia, PA 19103

P: 215.531.7000

www.marcusmillichap.com

NON-ENDORSEMENT AND DISCLAIMER NOTICENON-ENDORSEMENTSMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The

presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of

Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for

the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the

party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus &

Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only

a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject

property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or

absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improve-

ments thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the

subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus

& Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation

regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.

All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus

& Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.

Marcus & Millichap Real Estate Investment Services of Seattle, Inc. License: RB062197C

Broker of Record: Anthony PalumboLicense: PA RM423958

Steven GarthwaiteNational Retail Group Philadelphia, PACell: 215.390.4549Office: 215.531.7025Email: [email protected] License: PA RS332182

Arena Hub Plaza

Wyoming Valley Mall

Wilkes Barre Township Commons

Managed by SMG, the world leader in entertainment and sports facilities management with catering and concessions services provided by SAVOR. The arena’s primary tenants are the Wilkes-Barre/Scranton Penguins of the American Hockey League, affiliated with the National Hockey League’s Pittsburgh Penguins.

With over 8,000 permanent seats and a capacity of nearly 10,000 for concerts, the arena has played host to some of the biggest names in entertainment, including Elton John, Cher, Neil Diamond, Janet Jackson, The Eagles, AC/DC and Simon & Garfunkel.

Joe Amato East End Centre

GABE'SLord & Taylor Warehouse

Mohegan SunArena

Subject Property

Highland Park Blvd

PROPERTY ANALYSIS

6

Co

nc

en

tr

a

Ur

ge

nt

C

ar

e

-

Wi

lk

es

B

ar

re

,

PA

//

M

ar

cu

s

&

Mi

ll

ic

ha

p

6.20%CAP RATE

$3,332,161PRICE NET OPERATING INCOME

$206,594

OFFERING ANALYSISGuarantor Corporate

Address 268 Highland Park Blvd, Wilkes-Barre, PA

Building Size 11,800 SF

Lot Size 3.334 Acres

Lease/ Rent Commencement 11/1/2007

Lease/ Rent Expiration 10/31/2027

Base Lease Term 10 Years

Lease Term Remaining 9+ Years

Annual Base Rent $206,594

Rent & Option Increases 2% Annually

Renewal Options One - 5 Year Term

Renewal Notice 6 months Prior

Lease Type NN

Land Lord Responsibilities Roof and Structure

Estoppel 15 Business Days

Parking 50 Spaces

Ownership Interest Fee Simple

WILKES-BARRE, PA 1 MILE 3 MILES 5 MILES

Population 4,784 61,016 109,678

Households 2,095 26,179 47,683

Household Income $39,848 $52,654 $54,771

Traffic Counts 5,200 VPD (Highland Park Blvd)59,000 VPD (Highway 81)

PROPERTY OVERVIEW:

Debt Quote: 65% LTV 35% Down 25 Year Amort Rate 5.45% Full Recourse

*Loan information is subject to change. Contact your Marcus and Millichap Capital Corporation representative.

7

Co

nc

en

tr

a

Ur

ge

nt

C

ar

e

-

Wi

lk

es

B

ar

re

,

PA

//

M

ar

cu

s

&

Mi

ll

ic

ha

p

PROPERTYBUILDING

SFLOT SIZE(ACRES)

LEASE TERM REMAINING

YEARS ANNUAL RENT STORAGE RENT TOTAL RENT LEASE TYPE

RENEWAL OPTIONS

268 Highland Park BlvdWilkes Baree Township, PA

11,800 3.60 9.3 Years

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10

Year 11

Year 12

Year 13

Year 14

Year 15

$194,700.00

$198,594.00

$202,565.88

$206,617.20

$210,749.54

$214,964.53

$219,263.82

$223,649.10

$228,122.08

$232,684.52

$237,338.21

$242,084.98

$246,926.68

$251,865.21

$256,902.52

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$8,000.00

$202,700.00

$206,594.00

$210,565.88

$214,617.20

$218,749.54

$222,964.53

$227,263.82

$231,649.10

$236,122.08

$240,684.52

$245,338.21

$250,084.98

$254,926.68

$259,865.21

$264,902.52

NN One 5 Year Term

RENT ROLL:

* Rent increases to $206,594 on November 1st. If closing occurs prior, seller will reimburse on a per diem basis.

8

Co

nc

en

tr

a

Ur

ge

nt

C

ar

e

-

Wi

lk

es

B

ar

re

,

PA

//

M

ar

cu

s

&

Mi

ll

ic

ha

p

Marcus & Millichap, is pleased to exclusively a double net leased Concentra Urgent Care in Wilkes-Barre, Pennsylvania. The subject property is a 11,800 square foot building leased to Concentra Health Services, Inc. located in the heart of Wilkes-Barre, Pennsylvania. Concentra recently signed a 10-year and month lease which commenced in November of 2017. The lease is structured with two-percent annual rent increases throughout the initial term. Concentra has been operating at the site since 2007 as an Urgent Care. Prior to Concentra, this building was leased to a local medical group giving this location a long history as a medical location. Concentra is the largest occupational and urgent care medical practice in the United States with over 300 locations. Concentra Inc was acquired by Select Medical Holdings (NYSE: SEM) in June of 2015 for $1.055 billion in cash. Select Medical Holdings is headquartered in Mechanicsburg, Pennsylvania and had annual revenue of over $4.4 billion in 2017.

INVESTMENT HIGHLIGHTS:

INVESTMENT OVERVIEW:

• Recently Signed 10-Year Lease Extension Showing Commitment To Siteo Favorable 2% annual rental increases

• Corporate Guarantee By The Largest Occupational And Urgent Care Medical Practice In The United States With Over 300 Locations• Dense Retail Corridor With Nearby National Credit Tenants• Situated Directly Across From The Mohegan Sun Arena• Seasoned location Within The Submarket Since 2007

• Minimal Landlord Responsibilitieso Tenant reimburses CAM, Insurance, Taxeso Collectible Five Percent management fee of

operating expenses from tenant (Not been collected)

• Close Proximity To Wilkes-Barre VA Medical Center

9

Co

nc

en

tr

a

Ur

ge

nt

C

ar

e

-

Wi

lk

es

B

ar

re

,

PA

//

M

ar

cu

s

&

Mi

ll

ic

ha

p

CONCENTRA LEASE ABSTRACT

Operating Expenses

Except for those items set forth below as Landlord's or Tenant's obligations, Tenant shall reimburse Landlord for all commercially reasonable costs and expenses incurred by Landlord in operating, maintaining, and repairing the Building, including but not be limited to repairing, painting, and maintaining the Building and the Premises, Tenant shall also reimburse Landlord for snow removal, landscaping, resurfacing or replacing, restriping and overlay of the parking lot and sidewalks; painting of exterior surfaces of the Building; total compensation and benefits (including premiums for Worker's Compensation and other insurance) paid to or on behalf of full-time employees dedicated to the Build-ing; supplies for the exclusive use of the Building; and any utilities not paid for directly by Tenant (collectively, "Operating Expenses"). Any management fee, whether charged for services by an outside management company or by Landlord, will be limited to five percent (5%) of the total Operating Expenses in any one year.

Additional Rent and Payment

The Building is a stand alone building currently with no other tenants. As long as Tenant is the sole tenant of the Building, Tenant acknowl-edges that this is a triple net lease and agrees to pay, by reimbursement to Landlord the (i) Taxes (as defined in Section 3.3), (ii) Operating Costs as defined in Section 3.4) and (iii) Landlord's cost of maintaining Insurance on the Building pursuant to Section 3.5. Items (i), (ii) and (iii) above are sometimes hereinafter individually and collectively referred to as "Additional Rent". Tenant shall remit to Landlord, within thirty (30) days of written notice and the necessary supporting documents, including invoices and tax statements, from Landlord when same actu-ally accrues. The Base Rent and the foregoing monthly escrow payments of the Additional Rent are sometimes individually and collectively referred to in this Lease as "Rent."

Landlord's Obligations

Landlord shall be solely responsible for the payment for (i) maintenance and repair of the foundation and structure of the Building, including but not limited to the roof, gutters and downspouts, load bearing interior walls, exterior walls, driveways, sidewalks and utility systems to the point where they enter the Building; (ii) capital expenditures as defined by GAAP rules of accounting; and (iii) any amounts expended for compliance with any governmental authority or edict, including, but not limited to, compliance with the Disabilities Act (as defined in Section 7) to the extent related to the exterior of the Building (including parking lots), foundation or structure of the Building.

Tenant’s ObligationsTenant’s Obligations. Tenant shall be responsible for the maintenance and upkeep of the interior of the Premises, including but not limited to painting, floor coverings, lighting, and utilities (gas, water, sewer, electricity). Tenant shall also be responsible for janitorial services and the repair and maintenance of the HVAC system.

LEASE ABSTRACT:

TENANT OVERVIEW

HIGHLAND PARK BLVD

5,200 VEHICLES PER DAY

11

Co

nc

en

tr

a

Ur

ge

nt

C

ar

e

-

Wi

lk

es

B

ar

re

,

PA

//

M

ar

cu

s

&

Mi

ll

ic

ha

p

Concentra Inc., is a national health care company founded in 1979 in Amarillo,

Texas. Concentra delivers a wide range of medical services to employers and pa-

tients, including urgent care, occupational medicine, physical therapy, primary

care, and wellness programs.

The company is headquartered in Addison, Texas and operates more than 300

Urgent care centers in 36 states. Concentra has more than 900 affiliated pri-

mary care physicians and 600 physical therapists. These health care profes-

sionals treat injuries and illnesses, provide disease prevention and wellness

services, perform physical examinations, and conduct drug testing. Concentra

also provides a range of health improvement solutions to employers, and oper-

ates 154 employer onsite medical facilities.

The company’s primary focuses are occupational health, physical therapy,

health and wellness and urgent care.

TENANT OVERVIEW

Tenant Name Concentra Urgent Care

No. Of Locations 300+

No. Of Employees 8,000 +/-

Headquartered Addison, TX

Web Site www.concentra.com

CLASSIFICATION:NatioNal HealtH Care CompaNy

NO. OF LOCATIONS:300 +/-

WEBSITE:www.concentra.com

TENANT DESCRIPTION:

OWNERSHIP:Select medical HoldingS

MARKET OVERVIEW

13

Co

nc

en

tr

a

Ur

ge

nt

C

ar

e

-

Wi

lk

es

B

ar

re

,

PA

//

M

ar

cu

s

&

Mi

ll

ic

ha

p

WILKES-BARRE, PA 1 MILE 3 MILES 5 MILES

Population 4,784 61,016 109,678

Households 2,095 26,179 47,683

Household Income $39,848 $52,654 $54,771

Traffic Counts5,200 VPD (Highland Park Blvd)89,000 (Highway 81)

Scranton

150 Miles to New York

New York

20 Miles to Scranton

Phi

ldadelphia

130 Miles to Philadelphia

REGIONAL MAP:

Less Than 25 MileSCRANTON 80,000 TOTAL POPULATION

5,200 VPDIN CLOSE PROXIMITY TO MAJOR ROAD WAYS

Major Retail AreaCLOSE PROXIMITY TO LARGE RETAIL CENTERS

Subject Property

Arena Hub Plaza

Wilkes Barre Township Commons

Wyoming Valley Mall

Joe Amato East End Centre

Lord & Taylor Warehouse

Highland P

ark Blvd

Mundy St.

Spri

ng S

t.

N Cross Valley Expy

Interstate 81

Kidder St.

15

Co

nc

en

tr

a

Ur

ge

nt

C

ar

e

-

Wi

lk

es

B

ar

re

,

PA

//

M

ar

cu

s

&

Mi

ll

ic

ha

p

OVERVIEWSCRANTON

The Scranton metro is located in the Appalachian mountains of northeast

Pennsylvania roughly 120 miles northwest of New York City and 125

miles north of Philadelphia. The metro encompasses Luzerne,

Lackawanna and Wyoming counties and is also known as the Wyoming

Valley. The region has diversified from its coal mining roots. Now many

people move to the Valley to take advantage of the lower cost of living

and commute into New Jersey and New York City for employment. The

most populous city is Scranton with 76,400 people.

The vast infrastructure network provides for a large manufacturing and distribution base. Hershey,Amazon, Pride Mobility Products, and Bemis are some of the many firms located in the region.

A number of the area’s biggest employers are healthcare providers including Wyoming Valley HealthCare System, VA Medical Center, Wilkes-Barre Hospital and Mercy Health Partners.

The metro receives economic benefits from back-office operations of major companies, includingBank of America, PC Data Centers and Cigna Health and Life Insurance Co.

Access to the Marcellus Shale formation provides a large supply of natural gas at a relativelyaffordable price.

DEMOGRAPHICS

ECONOMY

METRO HIGHLIGHTS

STRATEGIC LOCATIONSituated at the crossroads of Interstates 81, 84, 380 and 476, the metro has easytransportation access to a large portion of the nation’s population, which is growing alogistics and distribution sector.DIVERSIFYING ECONOMYOnce based in mining, the metro has expanding industries that include food andbeverage manufacturing; defense and security; back-office operations, healthcare anddistribution/logistics.

LOWER LIVING COSTSA median home price, which is well below the national median, and lower natural gasprices contribute to more affordable living expenses.

561K2017

POPULATION:

229K2017

HOUSEHOLDS:

42.92017

MEDIAN AGE:

$47,300 2017 MEDIAN

HOUSEHOLD INCOME:

U.S. Median:

37.8U.S. Median:

$56,3001.0%

Growth2017-2022*:

0.3%

Growth2017-2022*:

OVERVIEWSCRANTON










A number of the area’s biggest employers are healthcare providers including Wyoming Valley Health Care System, VA Medical Center, Wilkes-Barre Hospital and Mercy Health Partners.



DEMOGRAPHICS

ECONOMY

METRO HIGHLIGHTS

STRATEGIC LOCATIONSituated at the crossroads of Interstates 81, 84, 380 and 476, the metro has easy transportation access to a large portion of the nation’s population, which is growing a logistics and distribution sector.DIVERSIFYING ECONOMYOnce based in mining, the metro has expanding industries that include food and beverage manufacturing; defense and security; back-office operations, healthcare and distribution/logistics.

LOWER LIVING COSTSA median home price, which is well below the national median, and lower natural gas prices contribute to more affordable living expenses.

561K2017

POPULATION:

229K2017

HOUSEHOLDS:

42.92017

MEDIAN AGE:

$47,300 2017 MEDIAN

HOUSEHOLD INCOME:

U.S. Median:

37.8U.S. Median:

$56,3001.0%

Growth2017-2022*:

0.3%

Growth2017-2022*:

LOCATION OVERVIEW:

Wilkes-Barre is one of the principal cities in the Scranton-Wilkes-Barre Hazleton metropolitan statistical area, the fourth largest metro/statistical area in Pennsylvania. Located at the center of the Wyoming Valley, it is second in size to the nearby city of Scranton. Wilkes-Barre and the surrounding Wyoming Valley are framed by the Pocono Mountains, the Endless Mountains, and the Lehigh Valley. Over 15,000 residents are employed in Wilkes-Barre’s downtown area, making it the fourth largest workforce in the Commonwealth of Pennsylvania. The city’s major employers include Geisinger Health Systems, Blue Cross Health, eBay and over 60 new businesses that have opened their doors in recent years. Through partnerships with both public and private organizations, the City of Wilkes-Barre has been a key player in many economic development projects that have shaped the future for Wilkes-Barre and the surrounding community. The city is strengthened by its quality educational programs. King’s College and Wilkes University are mainstays of academic achievement and benefactors of economic progress in the city. King’s College, a Roman Catholic liberal arts college, has 2,300 students enrolled while Wilkes University, a private American university, has 4,500 students enrolled.

OVERVIEWSCRANTON










A number of the area’s biggest employers are healthcare providers including Wyoming Valley HealthCare System, VA Medical Center, Wilkes-Barre Hospital and Mercy Health Partners.



DEMOGRAPHICS

ECONOMY

METRO HIGHLIGHTS

STRATEGIC LOCATIONSituated at the crossroads of Interstates 81, 84, 380 and 476, the metro has easytransportation access to a large portion of the nation’s population, which is growing alogistics and distribution sector.DIVERSIFYING ECONOMYOnce based in mining, the metro has expanding industries that include food andbeverage manufacturing; defense and security; back-office operations, healthcare anddistribution/logistics.

LOWER LIVING COSTSA median home price, which is well below the national median, and lower natural gasprices contribute to more affordable living expenses.

561K2017

POPULATION:

229K2017

HOUSEHOLDS:

42.92017

MEDIAN AGE:

$47,300 2017 MEDIAN

HOUSEHOLD INCOME:

U.S. Median:

37.8U.S. Median:

$56,3001.0%

Growth2017-2022*:

0.3%

Growth2017-2022*:

WILKES BARRE

16

Co

nc

en

tr

a

Ur

ge

nt

C

ar

e

-

Wi

lk

es

B

ar

re

,

PA

//

M

ar

cu

s

&

Mi

ll

ic

ha

p

IncomeIn 2017, the median household income for your selected geography is$26,959, compare this to the US average which is currently $56,286.The median household income for your area has changed by 10.82%since 2000. It is estimated that the median household income in yourarea will be $30,512 five years from now, which represents a changeof 13.18% from the current year.

The current year per capita income in your area is $17,774, comparethis to the US average, which is $30,982. The current year averagehousehold income in your area is $39,848, compare this to the USaverage which is $81,217.

PopulationIn 2017, the population in your selected geography is 4,824. Thepopulation has changed by -1.95% since 2000. It is estimated thatthe population in your area will be 4,784.00 five years from now,which represents a change of -0.83% from the current year. Thecurrent population is 48.88% male and 51.12% female. The medianage of the population in your area is 37.07, compare this to the USaverage which is 37.83. The population density in your area is1,532.93 people per square mile.

HouseholdsThere are currently 2,108 households in your selected geography. Thenumber of households has changed by -4.31% since 2000. It isestimated that the number of households in your area will be 2,095five years from now, which represents a change of -0.62% from thecurrent year. The average household size in your area is 2.22 persons.

EmploymentIn 2017, there are 5,925 employees in your selected area, this is alsoknown as the daytime population. The 2000 Census revealed that54.79% of employees are employed in white-collar occupations inthis geography, and 45.84% are employed in blue-collar occupations.In 2017, unemployment in this area is 8.98%. In 2000, the averagetime traveled to work was 20.00 minutes.

Race and EthnicityThe current year racial makeup of your selected area is as follows:65.51% White, 17.41% Black, 0.10% Native American and 2.33%Asian/Pacific Islander. Compare these to US averages which are:70.42% White, 12.85% Black, 0.19% Native American and 5.53%Asian/Pacific Islander. People of Hispanic origin are countedindependently of race.

People of Hispanic origin make up 19.41% of the current yearpopulation in your selected area. Compare this to the US average of17.88%.

HousingThe median housing value in your area was $69,996 in 2017, comparethis to the US average of $193,953. In 2000, there were 1,102 owneroccupied housing units in your area and there were 1,101 renteroccupied housing units in your area. The median rent at the time was$320.

DEMOGRAPHIC SUMMARY:

17

Co

nc

en

tr

a

Ur

ge

nt

C

ar

e

-

Wi

lk

es

B

ar

re

,

PA

//

M

ar

cu

s

&

Mi

ll

ic

ha

p

POPULATION 1 Miles 3 Miles 5 Miles 2022 Projection

Total Population 4,784 61,016 109,678

2017 Estimate


2010 Census


2000 Census


Current Daytime Population

2017 Estimate 7,962 90,310 135,820

HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2022 Projection

Total Households 2,095 26,179 47,683

2017 Estimate


Average (Mean) Household Size 2.22 2.20 2.22

2010 Census


2000 Census


Occupied Units

2022 Projection 2,095 26,179 47,683

2017 Estimate 2,381 29,926 53,634

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2017 Estimate

$150,000 or More 1.76% 3.34% 3.42%

$100,000 - $149,000 5.44% 8.12% 9.34%

$75,000 - $99,999 7.57% 10.14% 10.79%

$50,000 - $74,999 15.02% 19.14% 19.12%

$35,000 - $49,999 10.30% 12.85% 13.24%

Under $35,000 59.90% 46.41% 44.08%

Average Household Income $39,848 $52,654 $54,771

Median Household Income $26,959 $38,745 $41,041

Per Capita Income $17,774 $23,216 $24,110

HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 MilesTotal Average Household Retail Expenditure $40,670 $50,420 $52,228

Consumer Expenditure Top 10 Categories

Housing $12,055 $14,376 $14,838

Shelter $6,868 $8,188 $8,448

Transportation $5,543 $7,322 $7,626

Food $4,185 $5,017 $5,171

Utilities $2,829 $3,316 $3,422

Health Care $2,781 $3,596 $3,784

Personal Insurance and Pensions $2,771 $3,786 $4,017

Entertainment $1,584 $1,881 $1,951Household Furnishings and Equipment $1,065 $1,329 $1,384

Apparel $1,058 $1,339 $1,403

POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population By Age

2017 Estimate Total Population 4,824 62,118 111,282

Under 20 25.43% 22.03% 21.80%

20 to 34 Years 22.26% 23.10% 21.21%

35 to 39 Years 5.41% 5.25% 5.37%

40 to 49 Years 12.08% 11.62% 12.07%

50 to 64 Years 18.73% 19.34% 20.44%

Age 65+ 16.10% 18.67% 19.12%

Median Age 37.07 39.63 41.49

Population 25+ by Education Level

2017 Estimate Population Age 25+ 3,258 42,833 78,591

Elementary (0-8) 3.66% 2.74% 2.25%

Some High School (9-11) 14.25% 9.24% 8.85%

High School Graduate (12) 43.21% 37.78% 38.52%

Some College (13-15) 14.81% 19.00% 19.02%

Associate Degree Only 4.61% 8.50% 8.93%

Bachelors Degree Only 11.01% 14.39% 13.88%

Graduate Degree 5.97% 7.41% 7.64%

DEMOGRAPHIC SUMMARY:

18

Co

nc

en

tr

a

Ur

ge

nt

C

ar

e

-

Wi

lk

es

B

ar

re

,

PA

//

M

ar

cu

s

&

Mi

ll

ic

ha

p

DISCLAIMER NOTICE:

Marcus & Millichap hereby advises all prospective purchasers of Single Tenant Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a single tenant property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a single tenant property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any single tenant property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating areplacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this single tenant property.

Mark KrantzNational Retail Group Philadelphia, PALicense: PA RS336064

OFFERED EXCLUSIVELY BY

Derrick DoughertyFirst Vice PresidentPhiladelphia, PACell: 610.329.5886 Office: 215.531.7026Email: [email protected] License: PA RS305854

Scott WoodardNational Retail GroupPhiladelphia, PALicense: PA RS329242

Marcus & Millichap2005 Market Street #1510

Philadelphia, PA 19103

P: 215.531.7000

www.marcusmillichap.com

Steven GarthwaiteNational Retail Group Philadelphia, PACell: 215.390.4549Office: 215.531.7025Email: [email protected] License: PA RS332182

CONCENTRA URGENT CARE

OFFERING MEMORANDUM

268 High land Park Blvd Wi lkes Bar re Township , PA

Wyoming Valley Mall

concentra urgent care - loopnet...concentra has been operating at the site since 2007 as an urgent...

Documents