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Views: 162 DOM: 185 Updated: 10.18.24 Posted: 06.01.24 Status: Active

Summary

Price $2,309,858
Built/Renov 2022
Tenant WellNow Urgent Care
Cap Rate 7.00%
Lease Type NN+
Guarantor Corporate
Size/SF 3,515
Lease Start 08-08-2022
#Units 213
Price/SF $657.14
Expiration 08-31-2032
Tenant Type Medical/Health
NOI $161,690
R. Term 7.9
Ownership Fee Simple
Rent/SF $46.00
Increases 10.0%/5/yrs
Pop 5Mi 13,729
Lot/AC 0.57
Options 2/5yrs/10%
AHHI 5Mi $84,355

Lease Highlights

  • New 2022 construction
  • WellNow Urgent Care has 7+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

WellNow Urgent Care is strategically located at the signalized, hard corner intersection of US Route 9W and W Bridge Street, the primary retail and commuter corridor, with access to a combined daily traffic count of 19,900 vehicles. The property is just minutes from the Catskill Schools (Elementary, Middle, and High Schools), and within 1.2 miles from NY Route 23 and 3 miles from Interstate...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: WellNow Urgent Care
  • Guarantor:Corporate
  • Company:The Aspen Group
  • # Units:213
  • 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. WellNow was founded as Five Star Urgent...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,270 6,919 12,795
2024 Total Population : 4,239 6,909 12,822
2024 Employed Civilian Pop : 1,712 2,866 5,635
2024 Total Businesses : 355 479 700
2024 Average Household Income : $ 73,209 $ 78,945 $ 86,985
2024 Total Consumer Spending : $ 135 M $ 229 M $ 462 M
2024 Median Age : 46 47 47
2024 Total Households : 2,049 3,229 5,943
2024 Pop Age 25+: Bachelor's Degree : 617 1,049 1,786
2024 Average Home Value : $ 323,701 $ 337,101 $ 373,284
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Broome Street Grandview Ave 2021 1,369 0.27 mi
West Bridge Street Maple Ave 2021 10,921 0.28 mi
NY 385 Dumond St 2021 6,181 0.32 mi
US 9W Bushnell Ave 2021 13,590 0.60 mi
Water Street Church St 2021 1,299 0.61 mi
Hill St Bridge St 2002 7,689 0.62 mi
Water Street 2018 1,352 0.63 mi
State Hwy 23A Fyke Hill Rd Exd 2006 4,480 0.70 mi
Maple Ave 2021 1,118 0.73 mi
Allen St 2021 5,168 0.74 mi

Listing Broker

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