AFC Urgent Care
Mostly franchised urgent care brand; leases are signed by franchisees, so credit depends on the local operator. Urgent care sites are small, flexible boxes that can be re-let to other medical users.
- US units
- 400
- 2026 (approx.)
- 3Y net growth
- +48.1%
- vs. 2022 (approx.)
- Credit rating
- NR
- No public rating
- Typical term
- 10 yr
- NN
- Model
- Franchised
- Private equity
Unit count
AFC Urgent Care in the news
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AFC Urgent Care net lease FAQ
What is AFC Urgent Care's credit rating?
AFC Urgent Care does not carry a public S&P issuer credit rating (NR). Landlords underwrite it on unit-level performance, the guarantor named in the lease and, for public companies, reported financials.
How many AFC Urgent Care locations are there in the US?
AFC Urgent Care reported about 400 US locations as of 2026 (approx.). That is +48.1% versus 270 in 2022 (approx.).
What does a typical AFC Urgent Care net lease look like?
Lease type: NN. Initial term: 10 yr. Rent increases: ~2% annually. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is AFC Urgent Care corporate or franchised?
Operating model: Franchised. AFC Urgent Care is part of FFL Partners. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.