Fast Pace Health Urgent Care

1020 Highway 62 East, Mountain Home, AR 72653

$3,003,000

Cap Rate 7.27%

Views: 22 DOM: 20 Updated: 09.16.24 Posted: 08.27.24 Status: Contract 09.16.24

Summary

Price $3,003,000	Built/Renov 2024	Tenant Fast Pace Health Urgent Care
Cap Rate 7.27%	Lease Type NN+	Guarantor Corporate
Size/SF 2,820	Lease Start 08-01-2024	#Units 261
Price/SF $1,064.89	Expiration 07-31-2039	Tenant Type Medical/Health
NOI $218,337	R. Term 14.10	Ownership Fee Simple
Rent/SF $77.42	Increases 2.0%/1/yrs	Pop 5Mi 22,645
Lot/AC 0.64	Options 3/5yrs/2%	AHHI 5Mi $61,680

Phil Sambazis

Marcus & Millichap

Contact

Lease Highlights

Brand new 2024 construction
Fast Pace Health Urgent Care has 14+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 2% annual 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 Urgent Care is strategically located on Highway 62, a major east/west artery with access to a daily traffic count of 14,000 vehicles. The property is ideally positioned with minimal competition and a high demand for urgent care services. It is just 1.5 miles from the award-winning Baxter Regional Medical Center and adjacent to a regional retail hub featuring well-known...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Highway location
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Annual rent increases
Corporate Guarantee

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Links

Fast Pace Health Urgent Care Wikipedia Mountain Home, Arkansas Zip Code 72653 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Fast Pace Health Urgent Care
Guarantor:Corporate
Company:FP UC Holdings, Inc
# Units:261
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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