INVESTMENT HIGHLIGHTS
- RECENT CONSTRUCTION: The construction has been completed and the lease term commenced on June 26, 2019.
- LEASE TERM: The WellNow Urgent Care lease is for an initial 10-year term followed by 3, 5-year renewal options.
- ATTRACTIVE RENT INCREASES: The Lease calls for 10% rental increases every 5 years throughout the base term and option periods, providing the investor with an attractive increase in revenue and hedge against inflation.
- STRATEGIC LOCATION: The WellNow Urgent Care Center is strategically located along a heavily travelled shopping, dining and entertainment corridor on Route 30 at Route 481 that features Lowe’s Home Improvement, The Home Depot, Target, Walmart, Wegmans, TJ Maxx and the Great Northern Mall.
- STRONG DEMOGRAPHICS: Over 71,000 people live within a 5-mile radius of the property with an average household income of over $87,000.
- TRADE AREA: Additional retailers, restaurants and attractions drawing people to retail corridor include: Lowe’s, Home Depot, Wegmans, Price Chopper, Aldi, Walmart Supercenter, Target, TJ Maxx, Kohl’s, PetSmart, Hobby Lobby, Barnes & Noble, Chili’s, Burlington, Pier 1, Dick’s Sporting Goods, Joann Fabrics & Crafts, Raymour & Flanagan Furniture, McDonald’s, Panera Bread, Friendly’s, Red Lobster, Longhorn Steakhouse, Smokey Bones, Burger King, Applebee’s, Great Northern Mall, Regal Cinemas, and the soon to be completed, adjacent Texas Roadhouse and Starbucks.
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