Fast Pace Health Urgent Care

1910 Main Street, Franklin, Louisiana 70538

$2,128,266

Cap Rate 6.75%

Views: 122 DOM: 308 Updated: 09.06.24 Posted: 02.18.24 Status: Active

Summary

Price $2,128,266	Built/Renov 2020	Tenant Fast Pace Health Urgent Care
Cap Rate 6.75%	Lease Type NN+	Guarantor Corporate
Size/SF 3,600	Lease Start 10-29-2021	#Units 235
Price/SF $591.18	Expiration 10-28-2036	Tenant Type Medical/Health
NOI $143,658	R. Term 11.10	Ownership Fee Simple
Rent/SF $39.91	Increases 10.0%/2/yrs	Pop 5Mi 11,782
Lot/AC 0.78	Options 3/5yrs/10%	AHHI 5Mi $54,217

Kaveh Ebrahimi

Helios

Contact

Lease Highlights

Fast Pace Health Urgent Care has 12+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental escalations every 5 years throughout the initial term and each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed Lease

Location Description

Fast Pace Health Urgent Care is strategically located on Main Street, with access to 22,163 vehicles passing by daily. The surrounding area boasts several well-known national tenants, including O’Reilly Auto Parts, McDonald’s, Burger King, Dollar General, Family Dollar, Chase, and more. The 5-mile trade area is supported by a population of 11,782 residents with an average household income of...

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Key Features

Build to suit
Major thoroughfare
Dense retail corridor
Near major nationals
Strategically located
Major MSA
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee
Over 100 Units backed

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Links

Fast Pace Health Urgent Care Wikipedia Franklin, Louisiana Zip Code 70538 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:235
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
2028 Total Population :	2,487	8,301	10,769
2023 Total Population :	2,577	8,673	11,253
2023 Employed Civilian Pop :	1,018	3,520	4,550
2023 Total Businesses :	162	394	459
2023 Average Household Income :	$ 46,726	$ 57,410	$ 60,470
2023 Total Consumer Spending :	$ 44 M	$ 179 M	$ 248 M
2023 Median Age :	39	41	41
2023 Total Households :	1,041	3,477	4,561
2023 Pop Age 25+: Bachelor's Degree :	59	436	615
2023 Average Home Value :	$ 92,090	$ 134,258	$ 143,687

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
LA 182	State Hwy182	2021	11,929	0.16 mi
State Route 182	W Main St	2022	11,217	0.16 mi
Northwest Blvd	State Hwy182	2011	4,699	0.31 mi
LA3211	Northwest Blvd	2020	4,608	0.37 mi
Northwest Boulevard	Sixth St	2022	5,937	0.68 mi
Main St	Hospital Ave	2011	7,864	0.72 mi
LA0322	B	2020	2,233	0.80 mi
LA0322	Fournier St	2020	2,602	0.91 mi
LA 182	Katy Cir	2021	6,242	1.22 mi
Willow Street	Edward	2022	1,814	1.34 mi

Listing Broker

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