St Marys, PA - WellNow Urgent Care
$2,129,000
915 South St, Saint Mary's, PA 15857
7.1
Cap Rate
151,145
NOI
Details:
Description:
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.
The property is strategically positioned along South St. Marys Street (16,400 VPD), within the “Million Dollar Highway” (PA Route 255) retail corridor, the primary commercial
spine serving St. Marys and the surrounding region. The asset benefits from strong visibility and is surrounded by national retailers including ALDI, Anytime Fitness, Tractor Supply Co., Dollar Tree, and AutoZone, among others, driving consistent consumer traffic. WellNow fills a critical healthcare gap in the market, providing non-emergent, after-hours, and occupational care in a region primarily served by Penn Highlands Elk, the area’s only full-service hospital. St. Marys is recognized as the powdered metal capital of the U.S., with major employers including GKN Sinter Metals, Stackpole International, Carbon Components, and Hamlin/Hi-Tech Metallurgical, supporting a stable employment base and consistent demand for urgent care services. The 5-mile trade area is supported by more than 14,300 residents and 11,100 employees, with an average household income of $84,119.
Location
Gallery
