October 1, 2021 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of WellNow Urgent Care in Cobleskill, New York. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,352,000.
WellNow Urgent Care is located at 721 East Main Street in Cobleskill, New York. The stand-alone building was constructed in 2021 and is comprised of 3,500 square feet on a 0.49-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 East Main Street and Legion Drive. The Property is just 1.5-miles from SUNY Cobleskill and is surrounded by national retailers driving traffic to the area including Price Chopper, CVS, Tractor Supply, AutoZone, Advance Auto Parts, McDonald’s, Dunkin’, Burger King, Taco Bell, and Arby’s. The Property is in Cobleskill, a suburban town located approximately 25-miles west of Albany, and just a few miles from Interstate 88.
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.