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WellNow Urgent Care 11 Maple Ave

3,515 SF Retail Building Catskill, NY 12414 $2,309,858 ($657/SF) 7% Cap Rate

Retail Buildings New York Catskill 11 Maple Ave, Catskill, NY 12414

Investment Highlights

  • Attractive Rent Increases
  • Minimal Landlord Responsibilities
  • Recession & E-Commerce Resistant Tenant
  • Dynamic Tenant
  • Strategic Retail Location
  • High Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the stand-alone WellNow Urgent Care investment property located at 11 Maple Avenue in Catskill, New York (the “Property”). WellNow has 8+ years remaining on their 10-year lease with two (2), 5-year renewal options. The lease includes attractive 10% rental increases every five years throughout the initial term and renewal option periods. WellNow is strategically located adjacent to the signalized intersection of W Bridge Street (NY Route 385) and US Route 9W, the area’s primary retail and commuter corridor. The site offers access from the traffic light, excellent visibility and frontage and is situated in the commercial center of the city, surrounded by the area’s national retailers and is just minutes from the Catskill Schools (Elementary, Middle and High Schools). The Property is 1.2-miles from NY Route 23 and 3-miles from Interstate 87. Catskill is located in eastern New York State, approximately halfway between Albany (33-miles to the north) and Poughkeepsie (42-miles to the south) along the banks of the Hudson River.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,515 SF
Year Built
2022
Price
$2,309,858
Price Per SF
$657
Cap Rate
7%
NOI
$161,690
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.57 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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11 Maple Ave, Catskill, NY - aerial map view

Nearby Major Retailers

KeyBank
Trustco Bank
Rent-A-Center
Price Chopper
Snap Fitness 24/7
(781) 776-4001

Contacts

  • Listing ID: 31819402

  • Date on Market: 5/16/2024

  • Last Updated:

  • Address: 11 Maple Ave, Catskill, NY 12414

The Retail Property at 11 Maple Ave, Catskill, NY 12414 is currently available for sale. Contact Horvath & Tremblay for more information.

Nearby Listings

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11 Maple Ave, Catskill, NY for sale Primary Photo- Image 1 of 5
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11 Maple Ave, Catskill, NY for sale Building Photo- Image 2 of 5
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WellNow Urgent Care | 11 Maple Ave
(781) 776-4001 x

WellNow Urgent Care | 11 Maple Ave

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Todd Tremblay

(781) 776-4001

(781) 776-4001

Robert Horvath

(781) 776-4003

(781) 776-4003

Matthew Nadler

(781) 776-4006

(781) 776-4006

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