WellNow
Massena, NY
Key Details
| Price: | $2,022,222 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $136,500 |
| Address: | 190 Harte Haven Plaza, Massena, New York 13662 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 12/31/2021 |
| Lease Expiration: | 12/30/2031 |
| Lease Term Remaining: | 7 Years |
| Rental Increases: | 8.00% Every 5 Years |
| Lot Size: | 0.75 Acres |
| Building Size: | 3,500 SF |
| Year Built: | 2021 |
NNN Pro is pleased to present the exclusive listing for a WellNow located at 190 Harte Haven Plaza, Massena, New York 13662. The site consists of roughly 3500 rentable square feet of building space on an estimated 0.75-acre parcel of land. This WellNow is subject to a 10-year Double Net (NN) lease, which commenced 12/31/2021. The current annual rent is $136,500 and has scheduled increases of 8.00% Every 5 Years.
About the Investment
- Corporate Guarantee| The lease if guaranteed by ASP UC Support LLC, a subsidiary of Aspen Dental, who founded WellNow in 2012 and has expanded to over 220 locations making WellNow one of the top 10 urgent care providers in the U.S.
- New Construction | Property was recently built in 2021 for WellNow. Minimal Landlord Responsibilities WellNow reimburses for all taxes, insurance, and their pro-rata share of common area maintenance. The property also comes with a transferrable roof warranty.
- Attractive Annual Rental Increases | The subject investment property features 8% rental increases every 5 years, hedging against inflation.
Key Details
| Price: | $2,022,222 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $136,500 |
| Address: | 190 Harte Haven Plaza, Massena, New York 13662 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 12/31/2021 |
| Lease Expiration: | 12/30/2031 |
| Lease Term Remaining: | 7 Years |
| Rental Increases: | 8.00% Every 5 Years |
| Lot Size: | 0.75 Acres |
| Building Size: | 3,500 SF |
| Year Built: | 2021 |
Talk to the Pros
Cassandra Mosser
cmosser@nnnpro.com
License: AZ: SA677563000
Broker of Record
Glen Kunofsky
NNN Properties, LLC
License: 49KU1129178
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.