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Fast Pace Urgent Care 502 Ellington Dr 3,600 SF Office Building Lafayette, TN 37083 $1,399,000 ($388.61/SF) 8.09% Cap Rate
INVESTMENT HIGHLIGHTS
- Annual Rent Increases: 1.25%
- Corporate Guaranty from FP Urgent Care, LLC
- 1.25% annual escalations
EXECUTIVE SUMMARY
PRICE REDUCED MOTIVATED SELLER. Single tenant, triple net investment with Corporate Guaranty from FP Urgent Care, LLC. 12 year lease with five years remaining and two six year renewal options. Annual 1.25% base rent escalations throughout term and renewal options. 8.09% Cap Rate. Fast Pace Health provides convenient and affordable healthcare solutions in six states: Tennessee, Kentucky, Louisiana, Mississippi, Alabama, and Indiana. Today, there are 265 Fast Pace Health clinics experiencing over three million patient visits annually.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
3,600 SF
Building Class
B
Year Built
2018
Price
$1,399,000
Price Per SF
$388.61
Cap Rate
8.09%
NOI
$113,230
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,600 SF
Building FAR
0.13
Lot Size
0.65 AC
Opportunity Zone
Yes
Zoning
Commercial
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Fast Pace Health’s “patient first” mentality has guided its mission to provide convenient and compassionate care to the communities it serves. Since 2009, Fast Pace Health has grown from one clinic in Collinwood, TN to clinics throughout Tennessee, Kentucky and Mississippi, with plans for future expansion.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | 050P-A-009.07 | Improvements Assessment | $219,320 |
| Land Assessment | $100,000 | Total Assessment | $319,320 |
PROPERTY TAXES
Parcel Number
050P-A-009.07
Land Assessment
$100,000
Improvements Assessment
$219,320
Total Assessment
$319,320
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Erich Schultz
Fast Pace Urgent Care | 502 Ellington Dr
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