December 23, 2022 – Jeremy Black of Horvath & Tremblay has successfully completed the sale of WellNow Urgent Care in Dunkirk, New York. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,441,177.
WellNow Urgent Care is located at 3916 Vineyard Drive in Dunkirk, New York. The stand-alone building was constructed in 2019 and is comprised of 3,500 square feet on a 1.20-acre lot. WellNow Urgent Care has 8+ years remaining on a double net (NN) lease that has three (3), 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 along Vineyard Drive and benefits from outstanding visibility and access on Dunkirk’s primary retail corridor, adjacent to the signalized intersection of Vineyard Drive, Bennett Road (Route 60), and the exit 59 on/off ramp of Interstate 90 (the New York Thruway). The Property is conveniently located within a destination trade area anchored by Walmart Supercenter, Home Depot and Tops Friendly Markets. The Property is in Dunkirk, a city located on the shores of Lake Erie.
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.