INVESTMENT HIGHLIGHTS

• RECESSION RESISTANT ASSET CLASS: Healthcare properties are sought after for their resistance to recessions, e-commerce, pandemics and are rarely offered as a completely hand-off investment.
• $75.1B URGENT CARE MARKET: U.S. Urgent Care Centers Market size was valued at around $75.1 billion in 2023 and is expected to grow at a CAGR of 7.5% from 2024 to 2032. High market growth can be attributed to the increased patient demand for convenient and accessible care, rising healthcare costs, growing aging population, and expansion of health
  insurance coverage, among other contributing factors.
• CORPORATE GUARANTEE: CityMD received an increase in the size of their guarantee in November 2022 when VillageMD announced an agreement to acquire Summit Health CityMD for $8.9 billion. The acquisition was led by investments from Walgreens Boots Alliance, Inc. and Evernorth (Cigna Corporation).
• ABSOLUTE NNN LEASE: CityMD in Woodbridge offers a rare Absolute NNN Lease with 2.5% annual rental increases throughout the term providing buyers with a great hedge against inflation.
• 180+ LOCATIONS: Founded in 2010, CityMD is the largest urgent care provider in the New York metro area providing services for injuries and illness, pediatric care, physical exams,
  rapid lab tests and screenings, vaccinations, women’s needs, x-rays, on-the-job-injuries, and more. CityMD currently operates 180+ locations throughout the two states.
• QUICK TURNAROUND TIMES: Per the Urgent Care Association, it took one hour less for around 97% of patients to meet providers or medical practitioners in Urgent Care Centers; significantly lower compared to primary care physicians.
• CITYMD/VILLAGEMD ACQUISITION: Summit Health-CityMD has been a leader in delivering coordinated, multi-specialty care for decades and had a strong footprint in the northeast United States. VillageMD saw the tremendous value in Summit Health-CityMDs’ market share and brand recognition which led to the acquisition in 2022. VillageMD and Summit Health-CityMD will create a multi-payor platform to deliver quality, affordable care for all patients. The combined company leverages VillageMD’s deep expertise in value-based care to support and accelerate the transition to more risk-based care and Summit Health-CityMD’s longstanding and deep expertise delivering multispecialty, connected care. This strategic acquisition by VillageMD enhances Walgreens Boots Alliance robust portfolio of leading, integrated healthcare offerings. Together, VillageMD and Summit Health will have more than 680 provider locations in 26 markets.
• COMPETITORS: Unlike many urgent care centers, every CityMD location is staffed with board-certified physicians ensuring that patients will receive the top-quality medical care they deserve. All their clinics are open 7-days a week, 365 days a year with no appointment needed. CityMD accepts most insurance including Managed Medicaid and Medicare plans and prides itself not only on the care provided but also the aftercare post visit. Their aftercare team guides patients on the path back to health, by providing referrals and scheduling timely follow-up appointments after their visit.
• LOCATION: The subject property is well positioned with excellent access and visibility along Somerset St and sees over (~22,000 VPD) in front of the subject property. Located in the New York MSA which containing roughly 19.9 million people as of 2024 and referred as the Tri-State Area, the New York MSA is the largest metropolitan area in the United States. The subject property is strategically located 1-mile from Robert Wood Johnson University Hospital campuses in New Brunswick; a 965-bed hospital with Level 1 Trauma Center. RWJ New Brunswick is the flagship cancer hospital of the Rutgers Cancer Institute of New Jersey and the principal hospital of Rutgers University’s Robert Wood Johnson Medical School. It was the first pediatric trauma center in New Jersey and has received national acclaim for its ground-breaking approach to emergency preparedness.
• AFFLUENT MARKET: The asset is located in a dense, affluent market with a 5-mile population exceeding 250,000 people with income levels exceeding $119,000. It sits directly in front of a newly constructed CubeSmart Storage facility and adjacent to Wawa and McDonalds. The subject asset is also surrounded by many other national tenants that include AutoZone, Burger King, ALDI, Dunkin Donuts, Advance Auto Parts and more.