November, 5, 2019 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of a WellNow Urgent Care in Clay, New York. Horvath & Tremblay exclusively represented the Seller and procured the Buyer to complete the transaction at a sale price of $2,150,000.
WellNow Urgent Care is located at 3840 NY-31 in Clay, NY. Constructed in 2019, the stand-alone building consists of 3,540 square feet, and is located in the brand-new North End Commons. WellNow Urgent Care operates under a 10-year double net lease with three, 5-year option periods. The lease features 10.0% increases every five years throughout the base term and option periods. The other tenants in the North End Commons include Starbucks and Texas Roadhouse, as well as three additional retail tenants. WellNow Urgent Care is well located, along a retail corridor, surrounded by national retailers like Target, Walmart, Price Chopper, Wegmans, Aldi, Lowes, Home Depot and more.
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.