Akron Retail for Sale
This passive net-leased investment opportunity offers a qualified buyer the chance to purchase a Hometown Urgent Care with 7 years remaining on the base term, three 5-year renewal options and regular built-in rent increases. The urgent care market is rapidly expanding and Hometown is the largest urgent care provider in Ohio.
HOMETOWN URGENT CARE
Hometown Urgent Care & Occupational Health, founded in 1996 in Dayton, Ohio, evolved into the Midwest’s largest independent urgent care provider, operating over 30 clinics across Ohio and Michigan. In 2012, Ridgemont Equity Partners acquired a majority stake, fueling expansion through new clinic openings and acquisitions. By 2019, Hometown had grown to 33 locations and planned further expansion. In December 2020, WellNow Urgent Care acquired Hometown, nearly doubling its footprint and making it one of the top 10 urgent care providers in the U.S. The combined entities served nearly 1.5 million patients in the preceding year.
WELLNOW URGENT CARE
WellNow Urgent Care, founded in 2012 by Dr. John Radford, is a rapidly expanding provider of walk-in medical services, telehealth, and occupational medicine. Headquartered in Chicago, Illinois, the company operates over 200 locations across New York, Ohio, Michigan, Indiana, Illinois, and Wisconsin. As of 2024, WellNow employs approximately 1,245 individuals and reports estimated annual revenues of $470.6 million. Strategic acquisitions—including Hometown Urgent Care and Physicians Immediate Care—have bolstered its Midwest footprint.
AKRON, OH
The Akron metro is a major manufacturing center located approximately 30 miles southeast of Cleveland. The market is home to roughly 702,000 residents, approximately 187,000 of which are located in the city of Akron. The metro’s population has begun to stabilize as about 2,100 new residents are expected through 2028, supporting the creation of roughly 1,500 households over the same span. Akron is a resilient mid-sized city with a diversified economy, strong healthcare infrastructure, and a growing education and research sector.
