11 Maple Ave, Catskill, NY 12414

LEASE TERM: WellNow Urgent Care has 6+ years remaining on their lease with two (2), 5-year renewal options.

ATTRACTIVE RENT INCREASES: The Lease calls for 10% rental increases every 5 years throughout the initial lease term and option periods, providing an attractive increase in revenue and a hedge against inflation.

DYNAMIC TENANT: WellNow Urgent Care is a growing presence in the rapidly expanding urgent care industry and is a wholly-owned subsidiary of TAG (The Aspen Group), one of the nation’s largest consumer healthcare support organizations. Founded in 2012, WellNow Urgent Care is one of the fastest-growing providers of urgent medical care, telehealth, and occupational medicine services in the United States, with more than 200 centers across Illinois, Indiana, Michigan, New York, Ohio, Pennsylvania and Wisconsin.

MINIMAL LANDLORD RESPONSIBILITIES: WellNow Urgent Care reimburses for all real estate taxes, insurance, and their pro-rata share of common area maintenance, which is handled by the owner of the Harbor Freight & Advance Auto Parts Property.

STRATEGIC RETAIL LOCATION: WellNow is strategically located adjacent to the signalized intersection of W Bridge Street (NY Route 385) and US Route 9W, the area’s primary retail and commuter corridor. The site offers access from the traffic light, excellent visibility and frontage and is situated in the commercial center of the city, surrounded by the area’s national retailers and is just minutes from the Catskill Schools (Elementary, Middle and High Schools). The Property is 1.2-miles from NY Route 23 and 3-miles from Interstate 87. Additionally, WellNow is 7-miles from Columbia Memorial Hospital, providing an efficient urgent care alternative for those clients looking for an emergency room alternative.

RECESSION & E-COMMERCE RESISTANT TENANT: Urgent care clinics now handle approximately 200 million patient visits each year. Urgent care has grown rapidly because of convenience, gaps in primary care, high costs of emergency room visits, and increased investment by health systems and private-equity groups. The urgent care market reached approximately $48 billion in revenue in 2023. More than 50% of Millennials do not have primary care physicians and see Urgent Care as their Primary Medical Option.

RETAIL TRADE AREA: Top retailers and lodging driving consumers to the trade area include Walmart Supercenter, Lowe’s, Price Chopper, Harbor Freight, Ace Hardware, Dollar Tree, Advance Auto Parts, Napa, Mavis, McDonald’s, Burger King, Taco Bell, Subway, Dunkin’, Cumberland Farms, and Speedway.

TRAFFIC COUNTS: Over 20,300 vehicles pass the Property daily at the signalized intersection of US Route 9W and W Bridge Street (NY Route 385).

DEMOGRAPHICS: Over 11,400 people live within 5-miles of the Property with an average household income of $102,582. More than 47,500 people live within 10-miles of the Property with an average household income of $107,483.