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Views: 72 DOM: 285 Updated: 04.12.24 Posted: 08.06.23 Status: Active

Summary

Price $3,638,000
Built/Renov 2023
Tenant WellNow Urgent Care
Cap Rate 6.25%
Lease Type NN+
Guarantor Corporate
Size/SF 4,250
Lease Start 12-01-2023
#Units 211
Price/SF $856.00
Expiration 11-30-2033
Tenant Type Medical/Health
NOI $227,375
R. Term 9.6
Ownership Fee Simple
Rent/SF $53.50
Increases 8.0%/5/yrs
Pop 5Mi 34,510
Lot/AC 0.92
Options 3/5yrs/8%
AHHI 5Mi $88,300

Lease Highlights

  • New 2023 construction with upgraded prototype
  • Brand-new 10-year lease with 3 (5-year) options to extend
  • Lease features 8% rental increases every 5 years
  • Favorable NN+ lease I Landlord responsible for roof & structure
  • Corporate guaranteed lease

Location Description

WellNow is strategically fronting Center Street with access to 18,600 vehicles passing by daily. The subject property is located within Lewiston’s residential corridor which allows a direct consumer base from which to draw. Surrounding retailers include TOPS Market, Dollar General, UPS, and more. The nearby thoroughfare, Niagra Scenic Pkwy, allows travelers direct on/off ramp access. The...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: WellNow Urgent Care
  • Guarantor:Corporate
  • Company:The Aspen Group
  • # Units:211
  • Stock:Private

About Tenant

WellNow Urgent Care is one of the fastest-growing providers of urgent medical care, telehealth, and occupational medicine services in the United States, with more than 180 centers across Illinois,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,428 11,876 34,015
2023 Total Population : 5,485 12,011 34,510
2023 Employed Civilian Pop : 2,529 5,214 15,532
2023 Total Businesses : 240 393 903
2023 Average Household Income : $ 109,244 $ 109,488 $ 88,300
2023 Total Consumer Spending : $ 250 M $ 472 M $ 1127 M
2023 Median Age : 53 48 44
2023 Total Households : 2,657 5,006 14,631
2023 Pop Age 25+: Bachelor's Degree : 1,053 1,937 4,362
2023 Average Home Value : $ 290,179 $ 285,712 $ 222,084
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Center St N 9th St 2018 15,389 0.04 mi
Center Street Ridge Rd 2021 14,875 0.05 mi
Smith St 2021 407 0.07 mi
Center Street N 7th St 2018 18,596 0.10 mi
Center St 2021 3,349 0.17 mi
Fairchild Pl 2021 705 0.17 mi
Robert Moses Pkwy Ridge Rd 2009 2,700 0.19 mi
Robert Moses Pkwy Ridge Rd 2009 2,250 0.19 mi
Ridge Rd 2021 1,718 0.21 mi
Ridge Rd 2021 775 0.24 mi

Listing Broker

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