December 23, 2022 – Jeremy Black of Horvath & Tremblay have successfully completed the sale of WellNow Urgent Care in Amsterdam, New York. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $2,419,614.
WellNow Urgent Care is located at 4942 NY Route 30 in Amsterdam, New York. The stand-alone building was constructed in 2022 and is comprised of 3,500 square feet and sits on a 0.67-acre lot. The new construction WellNow Urgent Care has 9+ years remaining on their double net (NN) lease with three, 5-year renewal options. The lease calls for 10% rent increases every five (5) years throughout the base term and option periods. WellNow is exceptionally well located at a traffic light along NY Route 30, the primary retail corridor traversing Amsterdam. The Property is part of a new development that is also improved by a new construction Chipotle and Popeye’s, is adjacent to the Target and Kohl’s anchored Amsterdam Commons and is across the street from a Walmart Supercenter and Market 32 supermarket. The area is home to numerous other national retailers drawing traffic to the area and is just 2-miles from downtown Amsterdam and 3-miles from Interstate 90 (the NY State Thruway).
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.