May 3, 2022 – Jeremy Black, Bob Horvath, Todd Tremblay and Dan Bernardini of Horvath & Tremblay have successfully completed the sale of WellNow Urgent Care in Grand Island, New York. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,481,818.
WellNow Urgent Care is located at 2340 Grand Island Boulevard in Grand Island, New York. The stand-alone building was constructed in 2022 and is comprised of 3,500 square feet and on a 1.30-acre lot. The new construction WellNow Urgent Care has a 10-year double net (NN) lease that has four, 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 well located on Grand Island Boulevard near the signalized intersection with Baseline Road, along the primary retail corridor traversing Grand Island. It is the only Urgent Care facility on Grand Island, which sees a number of tourists and visitors due to its proximity to Niagara Falls. The Property is just 0.7 miles from Interstate 190, which connects Grand Island to Tonawanda, and 7 miles from Buffalo.
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.