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Views: 153 DOM: 196 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 14.2
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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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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Randy Blankstein

The Boulder Group (HQ)

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  • 165 Listings
  • 22972 Views
  • 66 Sold
Brian Brockman

Bang Realty, Inc

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  • 29 Listings
  • 4163 Views
  • 5 Sold

President of The Boulder Group, Blankstein is a senior commercial real estate executive with over 30 years of experience focused on advisory services in the single tenant net lease sector. Led The Boulder Group to a top 10 company national ranking for single tenant retail transactions by both CoStar and Real Capital Analytics from 2010-2021. Founded and managed net leased companies on both the advisory and principal sides that have been involved in over $7 billion in single tenant transaction

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Brian is one of only a handful of real estate brokers who is licensed in all 50 states and the District of Columbia. Brian is also one of a few auctioneers licensed throughout the country and has sold real estate via online auctions across the United States. Now, Brian is using his national real estate experience to help facilitate transactions for other commercial real estate brokers across the county. Brian has over 15 years in asset management experience and has sold properties for investo

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Jimmy Goodman

The Boulder Group (HQ)

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  • 168 Listings
  • 23700 Views
  • 72 Sold

Goodman is a partner at The Boulder Group, with over 15 years of experience in the investment real estate sector. His career began at PricewaterhouseCoopers in 2001 and afterward, he has been solely focused on investment real estate. He has been featured in multiple publications including Globe Street, Commercial Property Executive, Real Estate Forum and was a featured speaker at Real Share’s Net Lease Conference. He is a member of the International Council of Shopping Centers and received a Ba

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