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AT&T | FastMed Urgent Care 825 Blowing Rock Blvd 4,800 SF 100% Leased Retail Building Lenoir, NC 28645 $2,217,000 ($461.88/SF) 6.75% Cap Rate
Investment Highlights
- 100% Occupied by AT&T and FastMed Urgent Care on Modified NNN Leases with Annual Escalations & Minimal Landlord Responsibilities | WALT of ±3.9 Years
- Nation’s Largest Privately Held AT&T Authorized Retailer | Prime Comms Retail, LLC is AT&T’s Largest Privately Held Authorized Retailer
- Strategically Positioned on Blowing Rock Blvd (28,500+ VPD) | Outparcel to a Planet Fitness & Dunham’s Sports with Nearly 1M Annual Visits (placer.ai)
- Long-Term Operating History | Both Tenants Have Been In-Place for Over 10 Years | AT&T Recently Exercised Their First 3-Year Option
- FastMed Urgent Care is a Growing Brand with 44 Locations | Now Owned by CuraCor, a Subsidiary of Blue Cross Blue Shield of NC (S&P: A+)
- Primely Located in a Dense Retail Corridor | Neighboring Center Anchored by a Walmart Supercenter
Executive Summary
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
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- Information
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99,999 SF
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AT&T traces its roots to the Bell System era and the original American Telephone and Telegraph Company, which was founded in the nineteenth century. The company operates a communications business centered on wireless service, fiber broadband, fixed-line connectivity, and enterprise networking solutions. AT&T serves consumers and businesses through mobile plans, internet access, and security and business services, while continuing to expand its fiber and 5G network footprint. AT&T remains focused on converged connectivity across consumer and business segments.
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- Health Care and Social Assistance
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99,999 SF
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FastMed Urgent Care is the fastest growing independent urgent care in the United States. The company operates more than 100 urgent care locations across Arizona, North Carolina and Texas. FastMed focuses on the delivery of affordable, high quality walk-in medicine for non-emergent healthcare needs 365 days per year through licensed physicians, physician assistants and nurse practitioners. In addition, the company has relationships with hundreds of employers serving their occupational health services needs. FastMed clinics hold the Joint Commission Gold Seal of Approval® for accreditation in health care quality and safety in ambulatory health care. FastMed is managed by an affiliated entity of one of the investment funds of ABRY Partners.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Information | 99,999 SF | - | - | ||
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Health Care and Social Assistance | 99,999 SF | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-48-1-9C | Improvements Assessment | $504,500 |
| Land Assessment | $559,900 | Total Assessment | $1,064,400 |
Property Taxes
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AT&T | FastMed Urgent Care | 825 Blowing Rock Blvd
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