STNL WellNow Urgent Care 1956 Ridge Rd 3,500 SF 4-Star Retail Building West Seneca, NY 14224 $2,152,000 ($614.86/SF) 6.75% Cap Rate

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.