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Wellnow Urgent Care 11 Maple Ave 3,515 SF Retail Building Catskill, NY 12414 $2,804,110 CAD ($797.76 CAD/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

Attractive Rent Increasaes
Minimal Landlord Responsibilties
Recession & E-Commerce Resistant Tenant

Dynamic Tenant
Strategic Retail Location
High Traffic Counts

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the stand-alone WellNow Urgent Care investment property located at 11 Maple Avenue in Catskill, New York (the “Property”). WellNow has 6+ years remaining on their 10-year lease with two (2), 5-year renewal options. The lease includes attractive 10% rental increases every five years throughout the initial term and renewal option periods. WellNow is strategically located adjacent to the signalized intersection of W Bridge Street (NY Route 385) and US Route 9W, the area’s primary retail and commuter corridor. The site offers access from the traffic light, excellent visibility and frontage and is situated in the commercial center of the city, surrounded by the area’s national retailers and is just minutes from the Catskill Schools (Elementary, Middle and High Schools). The Property is 1.2-miles from NY Route 23 and 3-miles from Interstate 87. Catskill is located in eastern New York State, approximately halfway between Albany (33-miles to the north) and Poughkeepsie (42-miles to the south) along the banks of the Hudson River.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

3,515 SF

Year Built

2022

Price

$2,804,110 CAD

Price Per SF

$797.76 CAD

Cap Rate

NOI

$224,329 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.14

Lot Size

0.57 AC

Opportunity Zone

Yes

Zoning

02 - SINGL

MAJOR TENANTS

Health Care and Social Assistance
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WellNow Urgent Care est l'un des fournisseurs de services de soins médicaux urgents, de télésanté et de médecine du travail qui connaît la croissance la plus rapide aux États-Unis, avec plus de 150 centres dans l'Illinois, l'Indiana, le Michigan, l'État de New York et la Pennsylvanie. WellNow a été fondée en 2012 sous le nom de Five Star Urgent Care par le Dr John Radford, qui cherchait à fournir aux communautés le genre de soins sans rendez-vous de qualité qui, selon lui, faisait défaut lorsqu'il était médecin des urgences. Les patients ont rapidement apprécié ce nouvel ajout à leurs options de soins de santé, et l'entreprise a continué de croître au cours des prochaines années. En 2018, Five Star Urgent Care a été rebaptisée WellNow Urgent Care pour mieux refléter sa mission d'offrir des soins rapides, pratiques et de qualité pour les blessures et les maladies qui ne mettent pas la vie en danger.