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Views: 110 DOM: 137 Updated: 11.02.24 Posted: 08.06.24 Status: Active

Summary

Price $2,677,165
Built/Renov 2022
Tenant Fast Pace Health Urgent Care
Cap Rate 6.35%
Lease Type NN+
Guarantor Corporate
Size/SF 3,726
Lease Start 10-19-2022
#Units 250
Price/SF $718.51
Expiration 02-28-2038
Tenant Type Medical/Health
NOI $170,000
R. Term 13.2
Ownership Fee Simple
Rent/SF $45.63
Increases 10.0%/5/yrs
Pop 5Mi 24,259
Lot/AC 0.89
Options 3/5yrs/10%
AHHI 5Mi $65,823

Lease Highlights

  • New 2022 construction
  • Fast Pace Health has 13+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for structure only
  • Corporate guaranteed lease

Location Description

Fast Pace Health is strategically located on Cumberland Falls Highway, with access to 22,250 vehicles passing by daily. The property benefits from its immediate proximity to Interstate 75, which sees 44,800 VPD. Additionally, it is situated across from Baptist Health Corbin, the primary healthcare provider for southeastern Kentucky. The immediate area boasts well-known national tenants such as...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Fast Pace Health
  • Guarantor:Corporate
  • Company:FP UC Holdings, Inc
  • # Units:250
  • Stock:Private

About Tenant

Fast Pace Health Urgent Care is a leading provider of outpatient healthcare services to rural communities. The company offers a wide variety of medical services in underserved communities,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 648 10,965 24,385
2024 Total Population : 655 10,961 24,259
2024 Employed Civilian Pop : 244 4,577 9,545
2024 Total Businesses : 138 620 1,111
2024 Average Household Income : $ 75,785 $ 71,947 $ 65,823
2024 Total Consumer Spending : $ 11 M $ 280 M $ 576 M
2024 Median Age : 42 40 41
2024 Total Households : 177 4,327 9,663
2024 Pop Age 25+: Bachelor's Degree : 48 1,063 2,181
2024 Average Home Value : $ 223,047 $ 210,349 $ 190,711
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Cumberland Falls Highway Fells Rd 2022 22,252 0.20 mi
I- 75 2022 5,562 0.22 mi
Cumberland Falls Hwy 2022 3,371 0.25 mi
Cumberland Falls Hwy 2022 5,089 0.25 mi
I- 75 2022 2,967 0.30 mi
Cumberland Falls Hwy Crawford Ln 2001 10,705 0.44 mi
Bacon Creek Road Cumberland Falls Hwy 2022 1,479 0.45 mi
Bacon Creek Road Cumberland Falls Hwy 2018 1,479 0.47 mi
Cumberland Falls Hwy 2022 1,479 0.54 mi
Scuffletown Road Summerhill Dr 2022 2,118 0.65 mi

Listing Broker

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