INVESTMENT OFFERING
SAB Capital is pleased to present WellNow Urgent Care in Ogdensburg, NY, a new construction location with 10 years of initial lease term. The tenant is subject to a double net (NN) lease with landlord responsibilities limited to roof & structure. WellNow is a top 10 urgent care provider in the the United States with over 180 locations across 6 states. The asset is located in a dense retail corridor surrounded by national retailers like Aldi, McDonald’s, Harbor Freight, and many others.
- WellNow Urgent Care in Ogdensburg, NY | Northern New York
- Brand New Build-To-Suit | Expected Delivery in Q4 2022
- Minimal Landlord Responsibilities | Absolute Double Net (NN) Lease Structure
- Strong Hedge Against Inflation | 8% Increases Every 5 Years
- Experienced Operator | WellNow is a Top 10 Largest Urgent Care Chain in the U.S
- High Credit Parent Company | The Aspen Group has Over 1,000 Medical Office Locations Through Aspen Dental and Their Other Brands
- Dense Retail Trade Area | 460,000 Square of Retail Within 1 Mile
- Regional Hub Location | Ogdensburg is the Only Incorporated City in St. Lawrence County
- National Retailers Located Nearby | McDonald’s, Aldi, Burger King, and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
WellNow Urgent Care | $2,420,833 | 6.00% | Absolute NN | 3,500 | Closed |