July 10, 2017 – Matthew Nadler of Horvath & Tremblay has successfully completed the sale of Physician One Urgent Care in Norwich, CT. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the property at a sale price of $800,000.

Physician One Urgent Care fully occupies the 3,040-square foot building located along West Main Street in downtown Norwich. West Main Street serves as a primary commuter route through the city and is a heavily tenanted retail corridor servicing the local and regional community. This Urgent Care facility is strategically positioned with direct street frontage and high visibility and is located across the street from a TJ Maxx and Shop Rite anchored shopping center. Additional national tenants in the area include: Dunkin’ Donuts, Bank of America, Popeye’s, Moe’s Southwest Grill, Wendy’s, Ninety Nine, Five Guys, Sprint, Staples, Burger King and Taco Bell. Physician One Urgent Care signed the 10.5-year double net (NN) lease in May 2013 which includes (2) five year options. Rental escalations are scheduled throughout the base term and option periods.

Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.