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860 Center St - WellNow Urgent Care

4,250 SF Speciality Building Offered at £2,915,857 at a 6.25% Net Initial Yield in Lewiston, NY 14092

Investment Highlights

  • Brand New 10-Year Double-Net (NN) Lease with Corporate Guaranty
  • 35,605 Residents within a Five-Mile Radius
  • Seven Miles away from Niagara Falls State Park
  • 8 Percent Rental Increases Every Five Years with Renewal Options
  • Average Household Income Exceeds $110,000 in the Immediate Area

Executive Summary

Marcus & Millichap is pleased to present for sale WellNow Urgent Care in Lewiston, New York. WellNow Urgent Care is a healthcare provider that operates a network of urgent care centers across various states in the U.S., offering walk-in medical services for a variety of non-emergency health conditions. The company focuses on delivering accessible, high-quality care for patients who need prompt attention but do not require the services of an emergency room.
Lewiston is a town in Niagara County, New York, United States. Lewiston is a 64-square mile community nestled along the Niagara River on the Canadian border with a population of approximately 15,900. It is located on the Niagara Escarpment presenting outstanding views of Toronto, the Niagara River and Lake
Ontario. It is located in the Western most portion of Niagara County. Buffalo is a 30-mile drive to the South, Rochester 90-mile drive to the East and Toronto an 80-mile drive to the North. Sixty-two percent of the Canadian population and fifty percent of the U.S. population reside within a 500-mile radius of Lewiston.

Property Facts

Price £2,915,857
Price Per SF £686
Sale Type Investment
Net Initial Yield 6.25%
Property Type Speciality
Building Class B
Lot Size 0.93 AC
Building Size 4,250 SF
Number of Floors 1
Year Built 2023

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
292401-101-011-0002-062-001
Land Assessment
£140,263
Improvements Assessment
£300,563
Total Assessment
£440,825
  • Listing ID: 34320169

  • Date on Market: 30/12/2024

  • Last Updated:

  • Address: 860 Center St, Lewiston, NY 14092

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