$3,398,138 USD
203-887-8797
204 S Broadway
Saratoga Springs, NY 12866
Downtown Saratoga Springs
HIGHLIGHTS
- Long Term Lease with Over 10 Years Remaining | WellNow is operating under a long-term 15-year lease, with over 10 years remaining
- Limited Landlord Responsibilities | WellNow is subject to a double net lease, with the landlord responsible only for the roof and structural component
- Attractive Rental Increases Throughout Base Term and Options | Across the base term and three five-year option periods, scheduled 5% rent increases
OVERVIEW
Surmount is pleased to present the exclusive listing for a WellNow Urgent Care located at 204 S Broadway, Saratoga Springs, NY 12866. The site consists of roughly 2,832 rentable square feet of building space on an estimated 0.53-acre parcel of land. This WellNow Urgent Care is subject to a 15-year Double Net (NN) lease, which commenced 1/1/2021. The current annual rent is $220,879 and has scheduled increases of 5.00% every 5 years.
FOR SALE DETAILS
PRICE
$3,398,138 USD
PRICE/SF
$1,200 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
WellNow
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.53 AC
LAND SF
23,087 SF
ZONING
T-5: Urban Transect 5
APN/PARCEL ID
411501-165-083-0002-061-000-0000
ASK ABOUT THIS PROPERTY
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203-887-8797
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203-887-8797
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