Highlights
• Long-term corporate lease: Backed by The Aspen Group, with 9+ years of base term remaining. • Early lease renewal: Tenant extended 10 years early in 2024, showing strong site commitment. • Purpose-built medical facility: Rebuilt in 2019 for urgent care, 3,500 SF on 1.22-acre parcel. • Aldi-anchored location in an established medical corridor along Ridge Road near I-90, surrounded by complementary medical tenants. • Corporate credit & growth: Aspen Group operates 1,100+ locations across five national healthcare brands, including WellNow, Aspen Dental, and ClearChoice. • Strong market fundamentals: Located in Buffalo, Zillow’s #1 U.S. housing market (2024 & 2025) and an emerging tech/startup hub.
Description
Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell, Inc., is pleased to present the exclusive opportunity to acquire a newly constructed, corporate-backed urgent care facility leased to WellNow Urgent Care, a subsidiary of The Aspen Group (the “Property”). The Property is secured by a long-term triple net lease with minimal landlord responsibilities, over nine years of base term remaining, and 10% rental increases every five years, including during each of the three five-year renewal options. In 2024, the tenant proactively extended its lease by 10 years, providing investors with a stable, credit-backed income stream and built-in rent growth. Constructed in 2019, the Property consists of a 3,500-square-foot, purpose-built medical facility on a 1.22-acre parcel. The site includes 46 surface parking spaces (13.14 per 1,000 SF) to accommodate high patient volumes typical of urgent care operations. The surrounding area includes nearly 90,000 residents and over 40,000 households within a 3-mile radius, providing strong demographics and growing demand for accessible healthcare services. Its modern construction, tailored medical buildout, and efficient layout make it a high-quality asset optimized for healthcare tenancy. Strategically located as an outparcel to an Aldi-anchored shopping center along Ridge Road, the Property sits just off Interstate 90 and near West Senior High School. It is part of a dense medical corridor that includes Orchard Ridge Medical Center, Southtowns Radiology, and The Center for Ambulatory Surgery, generating synergistic traffic and reinforcing long-term tenant performance. Situated in West Seneca, a thriving suburb of Buffalo, NY, the Property benefits from one of the nation’s most dynamic housing and economic markets. Buffalo was ranked Zillow’s hottest U.S. housing market for 2024 and 2025 and is among the top 10 startup-friendly cities nationwide. With major employers such as M&T Bank, Tech Buffalo, and Odoo driving the local tech economy and nearly $1 billion in venture capital raised over the past four years, the region continues to experience population growth, innovation, and investment activity, further supporting the long-term fundamentals and appeal of this offering.
Property Documents
WellNow Urgent Care Flyer.pdf
9.61 MB
Listing Details
- Cap Rate
6.75%
- Tenancy
Single
- Space Type
Office
- Sub Category
Medical
- Sale Type
Investment Sale
- Date Listed
10/8/2025
- Ownership Info
Fee Simple
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$145,250
- Parking Info
46 Spaces
Property Specifics
- Property Name
STNL WellNow Urgent Care
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
2019
- Building Size
3,500 SF
- Lot Size
1.22 Ac
- APN
146800-143-060-0004-021-110
- Zoning
M-1S (Light Industrial)
- Occupancy
100%