CareNow Urgent Care NNN Property Lease: Pros, Cons, and History

CareNow Urgent Care

Interested in selling your CareNow Urgent Care NNN property or CareNow Urgent Care ground lease property and wondering what you can get for it in today’s changing market?

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Number of locations

As of recent years, CareNow Urgent Care operates more than 225 clinics across several states in the United States. The brand has a strong concentration in Texas, with additional locations in Florida, Tennessee, Virginia, Kansas, and Colorado. CareNow is one of the largest urgent care networks in the country, serving millions of patients annually.

Revenue and income

CareNow Urgent Care does not publish individual revenue or net income figures. The company operates as a subsidiary of HCA Healthcare, and its financial performance is included within HCA Healthcare’s consolidated financial results rather than reported separately.

Future plans

CareNow Urgent Care plans to continue expanding its footprint in high-growth metropolitan areas across the United States. The company focuses on increasing patient access through new clinic openings, extended operating hours, and enhanced digital services. Ongoing investments include online check-in systems, virtual care integration, and streamlined patient experiences as part of its long-term growth strategy.

Corporate vs. franchise

CareNow Urgent Care is entirely corporate-owned and does not offer franchise opportunities. All clinics are owned and operated under HCA Healthcare, ensuring consistent standards of care, operations, and branding across all locations.

Additional information – CareNow Properties

CareNow Urgent Care was founded in 1993 in the Dallas–Fort Worth area of Texas.
The company provides urgent care, family medicine, and occupational health services, serving both individual patients and employer-based clients.
In 2014, CareNow became part of HCA Healthcare, which significantly accelerated its national expansion and integration into hospital and outpatient care networks.
CareNow operates as a subsidiary of HCA Healthcare, one of the largest healthcare systems in the United States, headquartered in Nashville, Tennessee.

CareNow Urgent Care History

CareNow Urgent Care was founded in 1993 in the Dallas–Fort Worth area of Texas with the goal of providing accessible, high-quality urgent medical care outside of traditional hospital settings. What began as a small group of urgent care clinics quickly expanded as demand grew for convenient, walk-in healthcare services. Over time, CareNow broadened its offerings to include family practice, occupational health, and employer-based medical services. In 2014, CareNow became part of HCA Healthcare, one of the largest healthcare systems in the United States, which accelerated its national growth and integration into hospital-affiliated care networks. Today, CareNow Urgent Care operates hundreds of clinics across multiple states and continues to enhance patient access through expanded locations, extended hours, and digital healthcare solutions.

Why Invest in Ground Lease and NNN Lease of CareNow Urgent Care?

Investing in CareNow Urgent Care ground lease and triple net (NNN) lease properties offers several attractive benefits for long-term real estate investors:

1) CareNow NNN Property Investment: Stable income

CareNow Urgent Care operates within the essential healthcare sector, which remains resilient across economic cycles. Ground and NNN lease structures provide consistent, long-term rental income backed by steady patient demand.

2) CareNow NNN Property Investment: Strong healthcare tenant

CareNow is a well-established urgent care brand and a subsidiary of HCA Healthcare, one of the largest healthcare systems in the United States. This affiliation significantly reduces tenant risk and supports reliable lease performance.

3) CareNow NNN Property Investment: Low management responsibility

Under ground lease and NNN lease arrangements, CareNow is typically responsible for property taxes, insurance, and maintenance, allowing investors to enjoy passive income with minimal landlord involvement.

4) CareNow NNN Property Investment: Favorable lease terms

CareNow locations often feature long-term leases with contractual rent escalations, offering predictable income growth and protection against inflation over the life of the lease.

5) CareNow NNN Property Investment: Healthcare real estate value

Urgent care centers are commonly positioned in high-visibility, densely populated retail corridors, enhancing the long-term value of the underlying real estate and providing potential for capital appreciation.

Pros and Cons of CareNow Urgent Care Ground Lease and NNN Lease Investment

Pros:

CareNow Urgent Care provides stable income due to consistent demand for essential healthcare services.
As a subsidiary of HCA Healthcare, CareNow offers strong tenant credit that helps reduce vacancy and lease default risk.
Ground lease and NNN lease structures place maintenance, taxes, and insurance responsibilities on the tenant, minimizing landlord involvement.
Long-term lease agreements with scheduled rent increases support predictable income and long-term stability.

Cons:

Lease renewal risk exists at the end of the term if the tenant chooses not to extend the lease.
Tenant performance may be affected by changes in healthcare regulations, reimbursement policies, or operating costs.
Urgent care facilities are specialized properties that may require modification for alternative tenants if vacated.
Landlords have limited control over property operations under ground lease and NNN lease structures.
Broader real estate market conditions, interest rates, and local competition can impact property value and investment returns.

Thorough due diligence is essential when evaluating CareNow Urgent Care ground lease and NNN lease investments. Investors should carefully review location quality, lease structure, tenant credit, and long-term market fundamentals, and consult with real estate and financial professionals to ensure alignment with investment objectives and risk tolerance.

MarketWatch: CareNow Urgent Care