
Grove Dental Group - Wyomissing, PA
2228 State Hill Rd, Wyomissing, PA, 19610, US
SGD 3,885,000 | 929 m²
Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale and leaseback of the SaVida Health Lab located at 12 Dallaire Ave, Chicopee, MA 01020 (the "Property" or "Asset"). Upon closing, SaVida Health (the "Tenant") will operate on a 10-year absolute NNN lease with no landlord responsibilities and 2.00% annual rental escalations, including four, 5-year options. The asset was renovated in 2016.
SaVida Health is a healthcare provider specializing in outpatient addiction treatment for opioid and alcohol use disorders with 50+ locations across 6 states. This Property acts as SaVida’s only lab location, making it critical to their operations. Site-level and guarantor performance has been strong (contact Broker for financials).
The Property is near two major interstates, I-90 (46K VPD) and I-391 (30K VPD), driving significant traffic by the Asset. The Property is also located approximately one mile away from a major shopping center that includes national retailers such as Walmart, BJ’s Wholesale, Home Depot, as well as three hotels.
The Property is situated in a major retail area in Chicopee, MA, easily accessible, and is part of the Springfield metropolitan area. Chicopee is known as the "Crossroads of New England" and maintains a substantial population with a diverse economy anchored by key sectors such as healthcare, manufacturing, and retail.