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Views: 70 DOM: 63 Updated: 11.02.24 Posted: 09.19.24 Status: Active

Summary

Price $3,100,551
Built/Renov 2023
Tenant Fast Pace Health Urgent Care
Cap Rate 6.35%
Lease Type NN+
Guarantor Corporate
Size/SF 3,726
Lease Start 01-09-2024
#Units 261
Price/SF $832.14
Expiration 05-31-2039
Tenant Type Medical/Health
NOI $196,885
R. Term 14.6
Ownership Fee Simple
Rent/SF $52.84
Increases 10.0%/5/yrs
Pop 5Mi 33,264
Lot/AC 0.93
Options 3/5yrs/10%
AHHI 5Mi $94,332

Lease Highlights

  • New 2023 construction
  • Tenant has 14+ years remaining on the primary lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years 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 W State Road 2, with access to 13,850 vehicles passing by daily. The property is situated on a shopping center outparcel anchored by Rural King and Dunham’s Sports. Nearby traffic draws include La Porte High School, Northwest Health, and Franciscan Physician Health Center. The immediate area also features prominent national retailers...

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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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