1956 Ridge Rd - Freestanding FOR SALE


West Seneca, NY 14224
$2,152,000 USD
310-691-1350
1956 Ridge Rd, West Seneca, NY for Sale
$2,152,000 USD
Freestanding - FOR SALE
1/6
null | 6.75% Cap Rate

1956 Ridge Rd
West Seneca, NY 14224


HIGHLIGHTS

  • Rebuilt in 2019 specifically for urgent care use and a modern 3,500 SF building on a 1.22-acre parcel.
  • Located along Ridge Road near I-90 in West Seneca, surrounded by a cluster of complementary medical tenants that drive patient traffic.
  • The Aspen Group operates 1,100+ locations across five national healthcare brands including WellNow, Aspen Dental, and ClearChoice.
  • Located in Buffalo; Zillow’s #1 U.S. housing market in both 2024 and 2025, and a rising tech/startup hub.

OVERVIEW

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell, Inc., are pleased to present the exclusive opportunity to acquire a newly constructed, corporate-backed urgent care facility leased to WellNow Urgent Care, a subsidiary of The Aspen Group (the “Property”). The Property is secured by a long-term triple net lease featuring minimal landlord responsibilities, over nine years of base term remaining, and 10% rental increases every five years, including throughout each of the three five-year renewal options. Demonstrating strong commitment to the site, the tenant proactively extended its lease by 10 years in 2024, offering investors a stable, credit-backed income stream with built-in rent growth. Constructed in 2019, the Property comprises a 3,500 square foot, purpose-built medical facility situated on a generous 1.22-acre parcel. The site features ample parking, with 46 surface spaces (13.14 per 1,000 SF), to accommodate high patient volume typical of urgent care operations. Surrounded by nearly 90,000 residents and more than 40,000 households within a 3-mile radius, the Property benefits from strong local demographics and growing demand for accessible healthcare services in the region. Its modern construction, tailored medical buildout, and efficient layout make it a high-quality physical asset aligned with healthcare tenant needs. The Property is ideally located as an outparcel to an Aldi-anchored shopping center along Ridge Road, just off Interstate 90 and within close proximity to West Senior High School. It sits within a highly active medical corridor, with neighboring healthcare operators including Orchard Ridge Medical Center, Southtowns Radiology, and The Center for Ambulatory Surgery, among others. This dense clustering of medical users generates synergistic traffic, reinforcing the site’s viability for long-term medical use and tenant performance. Located in West Seneca, a thriving suburb of Buffalo, the Property sits in one of the nation’s most dynamic housing and economic markets. Buffalo has been ranked Zillow’s hottest U.S. housing market for both 2024 and 2025 and was recently named one of the top 10 startup-friendly cities in the country. With major employers like M&T Bank, Tech Buffalo, and Odoo investing in the local tech economy and nearly $1 billion in venture capital raised over the past four years, Buffalo continues to experience a resurgence in innovation, population, and investment appeal, further supporting the long-term fundamentals of this offering.

FOR SALE DETAILS

PRICE

$2,152,000 USD

PRICE/SF

$615 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL WellNow Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,240 SF

ZONING

M-1S (Light Industrial)

APN/PARCEL ID

146800-143-060-0004-021-110

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

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David ChasinPegasus InvestmentsMore Info
310-691-1350

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.