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Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale a new-construction, single-tenant WellNow Urgent Care in Piqua, OH (the “Property”). WellNow (the “Tenant”) is subject to a recently executed 10-year net lease, with three (3) five-year options and attractive 8% rent increases every 5 years. The Tenant is one of the fastest-growing urgent care providers in the country, having identified the Property's location as a strategic site in their expansion efforts in the state of Ohio. The Property’s location was attractive to the Tenant given the hard-corner, centralized location with nearby interstate access in a community with a pressing need for accessible urgent care.
The Offering presents the opportunity for attractive cash flow on a landlord-friendly net lease structure with a corporate guaranty from one of the leading urgent care tenants in the country.
WELLNOW IS A LEADING URGENT CARE TENANT
WellNow has been one of the top 10 urgent care providers in the U.S. with a rare Urgent Care Association accreditation.
BRAND NEW 10 YEAR NET LEASE
The Property provides a newly constructed building and will be subject to a recently executed 10-year lease with WellNow, featuring three (3) five-year options and attractive 10% increases every five years.
TENANT HAS ESTABLISHED GROWTH PLANS IN THE OHIO MARKET
Ohio is the fifth market that WellNow has expanded to, now having 32 established urgent care centers in the state. The subject property’s location was highly sought-after by WellNow and fills an urgent care need in the market.
ATTRACTIVE HARD-CORNER LOCATION NEAR THE INTERSTATE
The Property sits at a hard-corner location in Piqua, Ohio’s historic downtown district. The intersection sees over 20,800 VPD as one of the population centers in the county, and benefits from ease of access down the primary thoroughfare with access to Interstate 75.