Single Tenant United Health Services 24/7 Drive-Thru Pharmacy

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to United Health Services Hospitals, Inc., (the “Property”) in Johnson City, a village in Broome County, New York located adjacent to Binghamton and included within the Binghamton MSA that is home to 243,800 residents. United Health Services Hospitals, Inc. (“UHS”) recently commenced a 10-year double-net (NN) lease with the roof of the property being replaced prior to the lease commencement. The new pharmacy serves both UHS patients and the public, offering a 24/7 drive-through option and a pharmacist-led vaccination clinic for around-the-clock medication needs. Less than ¼ mile east from the property along Main Street (18,100 VPD) is the 280-bed UHS Wilson Medical Center. The UHS Wilson Medical Center ranks in the top 75th percentile of General Medical Centers & Hospitals in the United States and has seen the number of visits increase by 65.2% in Yo3Y (Placer.ai). A recently completed an expansion of the UHS Wilson Medical Center added a new main tower containing an enlarged Emergency Department & Trauma Center, 120 private inpatient rooms, and a helipad for medical helicopter transport and opened in the Spring of 2024. The UHS Pharmacy is also located less than ½ mile from the entrance to NY-17/I-86, a major highway that boasts 73,400 VPD. Additionally, the property strategically positioned along Main Street (18,100 VPD), is less than 2 miles from Binghamton University, the top ranked public university in New York and home to nearly 18,500 students. Other nearby developments in the area include Phase 2 of the Oakdale Commons Development which is currently underway and will bring the largest day care center in Broome County to the area along with a new housing development including 125 units and adding to the already strong demographic area that boasts nearly 123,000 residents and over 50,000 households within 5-miles.Johnson City is also home to some of the top performing retailers within their chain. The Wegmans ranks as the #1 Wegmans in the country, ALDI ranks in the top 91st percentile in the United States, and the Oakdale Commons rank in the top 78th percentile of regional malls in the country. UHS is a not-for-profit, community-benefit organization established in 1981 in recognition of its community role and its obligation to return health, social and economic benefit to the community. UHS Hospitals provides a full range of services including medical, surgical, rehabilitative, and long-term care with more than 60 locations around New York’s Southern Tier. It is the largest and most comprehensive health care organization in the Greater Binghamton area, whose patient coverage area encompasses all of Broome County and much of Central New York and North Central Pennsylvania.