WellNow Urgent Care
Corporate Guarantee (150+ Locations) | 8.67% CAP
Marketing description
This offering presents the opportunity to acquire the fee simple condominium interest in a WellNow Urgent Care located in the heart of Kalamazoo’s medical corridor. This net leased healthcare investment features a recently extended 5 year lease with 2% annual rental increases and renewal options, offering stable income growth and a reliable hedge against inflation.
The lease is backed by a corporate guaranty from WellNow Urgent Care, one of the five largest urgent care providers in the U.S., operating 150+ locations across Illinois, Indiana, Michigan, New York, and Pennsylvania. Founded in 2012, WellNow is backed by The Aspen Dental Group, a national healthcare platform with a strong track record of scaling successful outpatient medical brands, including Aspen Dental.
Strategically located on Gull Road, the property offers excellent visibility to over 25,800 vehicles per day and is directly across from Beacon Kalamazoo Hospital, a 422 bed regional medical center. The surrounding area is anchored by complementary healthcare providers, dense residential neighborhoods, and established medical infrastructure, supporting strong year round demand for urgent care services.
Investment highlights
- Investment Highlights: Early 5 Year Lease Extension (2025–2030) – Demonstrates tenant’s long-term commitment to the site
- 2% Annual Rent Increases – Provides consistent income growth and inflation protection
- Corporate Guarantee – National urgent care platform with 150+ locations and The Aspen Group backing
- High Visibility Location – Over 25,800 VPD on Gull Road, a primary east-west commercial corridor
- Directly Across from Beacon Kalamazoo Hospital – A 422 bed regional medical hub anchoring Kalamazoo’s healthcare district
- Passive Income Profile – Net lease with minimal landlord responsibilities
- Essential Healthcare Use – Urgent care remains an essential, high demand service with strong performance across market cycles
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