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Views: 105 DOM: 107 Updated: 11.02.24 Posted: 08.06.24 Status: Active

Summary

Price $3,361,921
Built/Renov 2023
Tenant Fast Pace Health Urgent Care
Cap Rate 6.35%
Lease Type NN+
Guarantor Corporate
Size/SF 3,726
Lease Start 12-28-2023
#Units 250
Price/SF $902.29
Expiration 04-30-2039
Tenant Type Medical/Health
NOI $213,482
R. Term 14.5
Ownership Fee Simple
Rent/SF $57.30
Increases 10.0%/5/yrs
Pop 5Mi 95,953
Lot/AC 0.94
Options 3/5yrs/10%
AHHI 5Mi $98,685

Lease Highlights

  • New 2023 construction
  • Fast Pace Health has 14+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term an option periods
  • Favorable NN+ lease with landlord responsible for structure only
  • Corporate guaranteed lease

Location Description

Fast Pace Health is strategically located at the hard-corner intersection of Cottage Hill Road and D'Iberville Drive, with access to a combined daily traffic count of 20,500 vehicles. The property benefits from its proximity to a longstanding Walmart Supercenter, which draws continual traffic through the corridor, along with other well-known national retailers including a new construction...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Dawes Road Clark Rd 2020 12,627 0.23 mi
Dawes Road Diberville Dr W 2021 12,627 0.23 mi
Cottage Hill Road Schillinger Rd S 2014 10,410 0.32 mi
Cottage Hill Road Cottage Woods Ct 2019 10,693 0.57 mi
Cottage Hill Road Polo Pl W 2021 10,145 0.57 mi
Cottage Hill Road Leroy Stevens Rd 2019 20,510 0.63 mi
Cottage Hill Road Dawes Rd 2021 19,459 0.63 mi
2014 5,950 0.81 mi
Jeff Hamilton Road 2018 5,789 0.82 mi
Jeff Hamilton Road McFarland Rd 2021 6,076 0.82 mi

Listing Broker

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