August 13, 2019 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of WellNow Urgent Care in Utica, New York. Horvath & Tremblay represented the seller in the transaction that closed at a sale price of $2,070,000.
The newly constructed WellNow Urgent Care operates under a new 10-year lease term, with three, 5-year renewal options. The lease calls for 10% renal increases every five years and at the start of each option period. The 3,5000 square foot property is situated on a 0.84-acre lot located adjacent to and with convenient access from the major intersection of regional highways I-90, I-790 and NY-5. The Property offers excellent visibility and a convenient location on Genesee Street.
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.