Fast Pace Health 1320 W State Road 2 3,726 SF 4-Star Retail Building La Porte, IN 46350 $3,005,878 ($806.73/SF) 6.55% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Fast Pace Health property located in La Porte, Indiana. The property was constructed in 2023 specifically for Fast Pace and features a 15-year lease that expires in May 2039. The lease is triple net with landlord responsibilities limited to structure only. Additionally, there are 10% rental escalations every five years throughout the primary term and three 5-year options. The lease is guaranteed by the Fast Pace corporate entity.
The 3,726 square-foot building benefits from its position along State Road 2 which experiences approximately 14,000 vehicles per day, runs through downtown La Porte, and connects to South Bend, Indiana. The subject is located on a shopping center outparcel that is anchored by Rural King and Dunham’s Sports. Nearby traffic draws include La Porte High School (1,800+ students), Northwest Health (84-Beds), and Franciscan Physician Health Center. Neighboring retailers include Walgreens, Ace Hardware, Advance Auto Parts, Burger King, Dollar General, and Biggby Coffee. Additionally, there are over 33,200 people living within a five-mile radius that earn an average household income of $94,332.
Fast Pace Urgent Care embraces the belief that residents of America’s rural communities— many of whom are uninsured, underinsured, using Medicare or Medicaid — not only need but deserve accessible and quality healthcare. The mission is to improve the health of the commu-nities we serve by offering a wide variety of medical services in underserved communities, including urgent care, primary care, orthopedic services, behavioral health, dermatology, and telehealth. Each Fast Pace Health clinic features multiple exam rooms, on-site lab testing, and x-ray capabilities. Fast Pace began in 2009 with one clinic in Collinwood, TN, and has since grown to a network of 250+ healthcare centers in Tennessee, Kentucky, Louisiana, Mississippi, and Indiana.