August 21, 2020 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of WellNow Urgent Care and Metro Mattress in Batavia, New York. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,215,000.
WellNow Urgent Care and Metro Mattress are located at 4187-4189 Veterans Memorial Drive in Batavia, New York. The building was constructed in 2019 and is comprised of 5,800 square feet and is situated on a 1.30-acre lot. WellNow Urgent Care has approximately 9 years remaining on a double net (NN) lease that has three, 5-year renewal options. The lease calls for 10% rent increases every five (5) years throughout the base term and option periods. Metro Mattress has 9.5 years remaining on a modified gross lease with three 5-year renewal options. Their lease also has scheduled increases in the base term and option periods. The property is a pad site to a Home Depot and is well located along Veterans Memorial Drive with excellent visibility and access.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.