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WellNow Urgent Care 915 S Saint Marys St 3,515 SF 4-Star Retail Building Saint Marys, PA 15857 $2,129,000 ($605.69/SF) 7.10% Cap Rate



Investment Highlights
- Brand New 10-Year Lease | Proven Successful Location | Corporate Guaranty | Rental Increases | Options To Extend | Institutional Healthcare Platform
- Fronting South St. Marys Street | Million Dollar Highway | Surrounding Tenants | Excellent Visibility
- Local Demographics In 5-Mile Trade Area
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Healthcare Gap | Industrial Employer Base | Regional Demand Drivers
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,515 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
$2,129,000
Price Per SF
$605.69
Cap Rate
7.10%
NOI
$151,145
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.62 AC
Zoning
HC - Highway Commercial
Parking
29 Spaces (8.25 Spaces per 1,000 SF Leased)
Frontage
135’ on South St. Marys Street
Amenities
- Freeway Visibility
- Pylon Sign
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 7
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Presented by
WellNow Urgent Care | 915 S Saint Marys St
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