6227 Thompson Rd - Freestanding FOR SALE


Syracuse, NY 13206- Lyncourt
$1,771,000 USD
929-229-2614
6227 Thompson Rd, Syracuse, NY for Sale
$1,771,000 USD
Freestanding - FOR SALE
1/10
null | 7.5% Cap Rate

6227 Thompson Rd
Syracuse, NY 13206
Lyncourt


HIGHLIGHTS

  • 3+ years remaining , with 3 (5-year) renewal options and scheduled 10% rental increases | Corporate backed (200 locations)
  • Ranked in the top 87th percentile nationally for visits among WellNow locations per Placer.AI
  • Built in 2018 with a lower rent than modern urgent care buildings at $132,825
  • Positioned at Thompson Rd (18,800 VPD) and Exeter St (4,700 VPD), just 2.7 miles from I-690 (96,000 VPD)
  • Surrounded by numerous national/credit tenants including Wegmans, Dunkin’, and Burger King
  • The 5-mile trade area is home to over 183,000 residents

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased WellNow Urgent Care property located in Syracuse, New York. The tenant, WellNow Urgent Care, has over 3 years remaining on the current lease term, which includes 3 (5-year) renewal options and scheduled rental increases, supporting long-term NOI growth and providing a hedge against inflation. The lease is NN, with the tenant responsible for property taxes, insurance, and all operating expenses. The landlord is only responsible for maintaining the roof and structure, making this a low-maintenance investment ideal for out-of-state buyers seeking reliable, passive income. The lease is backed by a corporate guarantee from WellNow Urgent Care, one of the five largest urgent care providers in the U.S., operating over 165 locations. The company generated an estimated $470.6 million in revenue in 2024, a 12% increase year-over-year, reflecting the brand’s continued growth and operational strength. The property is positioned at a signalized hard-corner intersection at Thompson Road (18,800 VPD) and Exeter Street (4,700 VPD), just 2.7 miles from I-690 (96,000 VPD), a major regional thoroughfare. Located in a dense retail corridor surrounded by national retailers such as Wegmans, Dunkin’, and Burger King, the site benefits from strong tenant synergy and consistent cross-shopping traffic. Additionally, according to Placer.AI, the location attracts over 63,000 annual visitors, ranking in the top 87th percentile nationally, 85th percentile in New York and 85th percentile in a 15 mile radius among comparable WellNow locations. The asset is situated within the Syracuse MSA, which includes Onondaga, Oswego, and Madison counties and is home to a population exceeding 650,000.

FOR SALE DETAILS

PRICE

$1,771,000 USD

PRICE/SF

$492 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WellNow Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

CMX

APN/PARCEL ID

312689-033-000-0004-010-004-0000

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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