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WellNow Urgent Care Investment Opportunity

1634 Gull Rd, Kalamazoo, MI 49048

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For Sale

Contact for pricing

Net leased healthcare investment in Kalamazoo's medical corridor.

Type:Office, Retail

Property size:

8,000 SF

Price / SF:

$183/SF

HighLights

Net leased to WellNow Urgent Care, a top 5 U.S. urgent care provider
Recently extended 5‑year lease with 2% annual rental increases
Corporate guaranty from WellNow Urgent Care provides security
Located in the heart of Kalamazoo’s medical corridor, directly across from Beacon Kalamazoo Hospital
Backed by The Aspen Dental Group, a national healthcare platform
High visibility location on Gull Road with over 25,800 vehicles per day

We can help!

Contact an agent

Patrick Wathen

For Sale

Contact for pricing

Net leased healthcare investment in Kalamazoo's medical corridor.

Type:Office, Retail

Property size:

8,000 SF

Price / SF:

$183/SF

Added:: Feb 16, 2026
Days on Market:: 132
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 1634 Gull Rd

General Information

Standard status: Active
Size: 8,000 SF
Property subtype: Office, Retail

Building Details

Year Built: 1965

We can help!

Contact an agent

Patrick Wathen

Listing office Equity LLC Hilliard

Listing date Feb 16, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Equity LLC Hilliard

HighLights

Net leased to WellNow Urgent Care, a top 5 U.S. urgent care provider
Recently extended 5‑year lease with 2% annual rental increases
Corporate guaranty from WellNow Urgent Care provides security
Located in the heart of Kalamazoo’s medical corridor, directly across from Beacon Kalamazoo Hospital
Backed by The Aspen Dental Group, a national healthcare platform
High visibility location on Gull Road with over 25,800 vehicles per day

Overview

This offering is for the fee simple condominium interest in a WellNow Urgent Care located in Kalamazoo’s medical corridor. The property features a recently extended 5-year lease with 2% annual rental increases and renewal options. 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. The property is strategically located on Gull Road, offering 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 demand for urgent care services. The property size is 8000 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$115.2k	$14.40
− Vacancy	−$8.3k	−$1.04
EGI	$106.9k	$13.36
− OpEx	−$26.7k	−$3.34
NOI	$80.2k	$10.02

8,000 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.15M

$1.00M – $1.34M (±1% cap)

NOI $80,179 @ 7.0% cap · market cap 5.45%

Second Best

Healthcare Medical

$1.03M

$899.1K – $1.20M (±1% cap)

NOI $71,928 @ 7.0% cap · market cap 4.89%

Theoretical Best

Warehouse

$2.09M

$1.83M – $2.44M (±1% cap)

NOI $146,541 @ 7.0% cap · market cap 9.96%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Bronson Constance Brown ... Hearing Aid Store JOSEPH ZAKI Pediatrician Charles Dwan Physician WellNow Urgent Care Medical Clinic Samantha King, AUD, ... Physician

Suggested Use

Location Insight

Map
Local Demand

City: Kalamazoo
County: Kalamazoo
State: Michigan
Longitude: -85.559185
Latitude: 42.305226

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For sale
Medical centers
MI
Kalamazoo
49048
1634 Gull Rd

What type of property is this?

Medical center - Net leased healthcare investment in Kalamazoo's medical corridor.

Where is this medical center located?

The property is located at 1634 Gull Rd Kalamazoo, MI.

What is the asking price?

The asking price for this property is $1,471,000.

What are key features of this property?

This property features: Net leased to WellNow Urgent Care, a top 5 U.S. urgent care provider; Recently extended 5‑year lease with 2% annual rental increases; Corporate guaranty from WellNow Urgent Care provides security