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WellNow Urgent Care 26 Bolivar Dr 3,515 SF Retail Building Bradford, PA 16701 $2,782,196 CAD ($791.52 CAD/SF) 7.10% Cap Rate



Investment Highlights
- Brand New 10-Year Lease | Proven Successful Location |Corporate Guaranty | Rental Increases | Options To Extend | Institutional Healthcare Platform
- Fronting Bolivar Drive | Outparcel To Bradford Mall | Surrounding Retailers | Pittsburgh-Buffalo Hwy
- Strong Trade Area Demographics | Limited Competition
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Healthcare Gap | Regional Draw | Dominant Local Demand Drivers
Executive Summary
SRS Real Estate Partners–Northeast, LLC is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased WellNow Urgent Care investment property. The tenant, ASP UC Support LLC (dba WellNow Urgent Care), has signed a brand new 10-year lease with four (5-year) renewal options, demonstrating long-term commitment to the site and reinforcing its proven success as an established location. The lease features a 3% rental increase on September 1, 2027, followed by 8% increases at the beginning of each option period, supporting NOI growth and providing a hedge against inflation. ASP UC Support LLC operates under Aspen Dental Management, Inc. (ADMI), a healthcare platform backed by Leonard Green & Partners (~$75B AUM). WellNow has grown to 180+ locations following its 2022 acquisition of Physicians Immediate Care, with continued expansion across multiple states. The urgent care sector is growing ~7–9% annually, driven by ER-to-urgent care migration and payer cost optimization, supporting long-term demand through a recession-resistant, in-person service model. The NN lease structure provides for limited landlord responsibilities, offering a low-management investment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,515 SF
Building Class
B
Year Built
2022
Price
$2,782,196 CAD
Price Per SF
$791.52 CAD
Cap Rate
7.10%
NOI
$197,515 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.44 AC
Zoning
C - Commercial
Parking
24 Spaces (6.83 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 007-012527 | Improvements Assessment | $191,517 CAD |
| Land Assessment | $52,598 CAD | Total Assessment | $244,115 CAD |
Property Taxes
Parcel Number
007-012527
Land Assessment
$52,598 CAD
Improvements Assessment
$191,517 CAD
Total Assessment
$244,115 CAD
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WellNow Urgent Care | 26 Bolivar Dr
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