April 18, 2022 – Jeremy Black, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of WellNow Urgent Care in Amherst, New York. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,209,016.
WellNow Urgent Care is located at 3921 Harlem Road in Amherst (Buffalo MSA), New York. The newer construction stand-alone building is comprised of 3,500 square feet on a 0.63-acre lot. WellNow has 8+ years remaining on their 10-year double net lease with three (3), 5-year renewal options. The lease calls for 10% rent increases every five years throughout the initial term and at the start of each renewal option. The Property is strategically located at a five-corner intersection in the commercial center of Amherst. The outstanding location sees more than 55,000 vehicles per day. Additional retailers and traffic drivers in the area include Tops Friendly Markets, CVS, Walgreens, Rite Aid, M&T Bank and McDonald’s as well as Amherst Middle School and Central High School (combined enrollment of 1,500 students) and Daemen College (enrollment 2,750).
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the 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.