June 16, 2021 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of WellNow Urgent Care in Glenville, New York. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,438,077
WellNow Urgent Care is located at 233 Saratoga Road in Glenville, New York. The stand-alone building was constructed in 2021 and is comprised of 3,500 square feet and on a 0.70-acre lot. WellNow Urgent Care has 10 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. The WellNow is located on a primary retail corridor adjacent to the signalized intersection of Saratoga Road and Van Buren Road. National retailers and traffic drivers in the area include Target, Hannaford Supermarket, Market 32 (Price Chopper), ALDI (new to the market), CVS, Walmart, Lowe’s, McDonald’s, Starbucks (new to the market), Dunkin’, and Wendy’s. The Property is in Glenville, a suburban town located immediately north of Schenectady, and just a few miles away from Interstates 90 and 890.
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.