915 S Saint Marys St - Freestanding FOR SALE


Saint Marys, PA 15857
$2,129,000 USD
202-286-1542
915 S Saint Marys St, Saint Marys, PA for Sale
$2,129,000 USD
Freestanding - FOR SALE
1/6
null | 7.1% Cap Rate

915 S Saint Marys St
Saint Marys, PA 15857


HIGHLIGHTS

  • Brand New 10-Year Lease | Proven Successful Location | Corporate Guaranty | Rental Increases | Options To Extend | Institutional Healthcare Platform
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Fronting South St. Marys Street | Million Dollar Highway | Surrounding Tenants | Excellent Visibility
  • Healthcare Gap | Industrial Employer Base | Regional Demand Drivers
  • Local Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners–Northeast, LLC is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased WellNow Urgent Care investment property. The tenant, ASP UC Support LLC (dba WellNow Urgent Care), has signed a brand new 10-year lease with four (5-year) renewal options, demonstrating long-term commitment to the site and reinforcing its proven success as an established location. The lease features a 3% rental increase on July 1, 2028, followed by 8% increases at the beginning of each option period, supporting NOI growth and providing a hedge against inflation. ASP UC Support LLC operates under Aspen Dental Management, Inc. (ADMI), a healthcare services platform backed by Leonard Green & Partners (~$75B AUM). WellNow has expanded to over 180 locations following its acquisition of Physicians Immediate Care in 2022 and continues to grow across multiple states. The urgent care sector is experiencing ~7–9% annual growth, driven by ER-to-urgent care migration and payer cost optimization, supporting long-term demand through a recession-resistant, in-person service model. The NN lease structure provides for limited landlord responsibilities, offering a low-management investment opportunity.

FOR SALE DETAILS

PRICE

$2,129,000 USD

PRICE/SF

$606 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WellNow Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

HC

APN/PARCEL ID

13-13-269-7684

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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