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Views: 47 DOM: 85 Updated: 10.31.24 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 14.8
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

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 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 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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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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