June 8, 2020 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of WellNow Urgent Care in Oneida, New York. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,520,000.
WellNow Urgent Care is located at 109 Genesee Street in Oneida, New York. Constructed in 2018, the stand-alone building consists of 3,200 square feet and sits on 0.75 acres of land. WellNow Urgent Care operates under a 10-year double net lease with three, 5-year option periods. The lease features 10.0% increases every five years throughout the base term and option periods. WellNow Urgent Care is well located, at the intersection of NY Routes 5 and 46 in the center of the areas primary retail trade area, seconds from numerous Big Box Stores and other national retailers. The property is located less than 3 miles from Interstate 90 and Turning Stone Casino.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.