November, 5, 2019 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of WellNow Urgent Care in Watertown, New York. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,375,000.
WellNow Urgent Care is located at 1233 Arsenal Street in Watertown. Constructed in 2019, the stand-alone building consists of 3,418 square feet and sits on 0.63 acres of land. WellNow Urgent Care operates under a 10-year double net lease with three, 5-year option periods. The lease features 8.0% increases every five years throughout the base term and option periods. WellNow Urgent Care is well located, along a destination retail trade area, seconds from the Salmon Run Mall and numerous Big Box Stores and other national retailers. The property is located less than 0.2 miles from Interstate 81.
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.