Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2022
Building Area Gross
Occupancy 100.0 %
Call for Offers

Property description

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.

 

Investment highlights

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.

Last Updated Date: 18 Aug 2022

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Last Updated Date: 18 Aug 2022

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