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Views: 42 DOM: 39 Updated: 08.19.24 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 13.5
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 escalations 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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Listing Broker

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