Overview

Description

• ASP UC Support, LLC dba WellNow recently signed a brand-new 10-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is guaranteed by ASP UC Support, LLC, a subsidiary of Aspen Dental, who founded WellNow in 2012 and has expanded to over 220 locations making WellNow one of the top 10 urgent care providers in the US
• WellNow is located in New York, Illinois, Ohio, Wisconsin, Indiana, Pennsylvania, and Michigan
• The lease features 8% rental increases every 5 years and at the beginning of each option period, generating NOI and hedging against inflation
• Upgraded elaborate building prototype to fit in with Lewiston’s downtown village aesthetic. Only a few of these WellNow prototypes exist across the country

• WellNow is strategically fronting Center Street averaging 18,600 VPD
• The asset’s location within Lewiston’s residential corridor allows a direct consumer base from which to draw
• Surrounding retailers include TOPS Market, Dollar General, UPS, and more
• The nearby thoroughfare, Niagra Scenic Pkwy, allows travelers a direct on/off ramp access
• The asset has excellent visibility and ingress/egress

---