May 7, 2020 – Jeremy Black and Aaron Huntley of Horvath & Tremblay have successfully completed the sale of WellNow Urgent Care in Amherst, New York. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,925,000.
WellNow Urgent Care is located at 3921 Harlem Road in Amherst (Buffalo MSA), New York. The new construction stand-alone building is comprised of 3,500 square feet on a 0.63 acre lot. WellNow Urgent Care has a new 10-year triple net lease featuring 10% increases every five years throughout both the base term and the three, 5-year renewal options. WellNow’s lease is guaranteed by ASP UC Support, LLC, a wholly owned subsidiary of Aspen Dental Management Inc. (ADMI). The property benefits from its strategic position and excellent visibility at a five-corner intersection at the commercial center of the town of Amherst. The intersection has traffic counts in excess of 55,000 vehicles per day and outstanding demographics. There are more than 137,000 people within a 3-mile radius, and more than 334,000 people within a 5-mile radius of the property.
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.