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Available Individually or as a Portfolio 934 South Gloster St 3,600 SF Office Building Tupelo, MS 38801 $3,134,742 ($870.76/SF) 6.25% Cap Rate
Investment Highlights
- Fast Pace Health operates over 295 clinics across 8 states, offering urgent care, primary care.
- The lease is structured as a modified NNN lease, providing very minimal landlord responsibilities.
- Operating within the $34.34 billion U.S. urgent care market, projected to grow at 8.6% CAGR.
- Approximately 14 years remaining on a corporate-guaranteed lease with 2% annual rental increases.
- Focused on underserved rural and suburban markets, Fast Pace Health fills critical gaps in community healthcare.
Executive Summary
AiCRE Partners is pleased to present the opportunity to acquire the fee simple interest of the Fast Pace Health urgent care facility located at 934 South Gloster St. in Tupelo, MS.
This asset is backed by a corporate-guaranteed, absolute NNN (Modified) lease with over 13 years of initial term remaining, ensuring zero landlord responsibilities and stable income. The lease includes 2% rental increases annually and three five-year renewal options, providing long-term growth potential. Fast Pace Health, a leading provider with over 295 clinics across six states, serves as an essential healthcare operator focused on underserved rural and suburban markets. Positioned along the South Gloster commercial corridor, this 3,600 SF building offers investors a passive, inflation-protected income stream supported by one of the fastest-growing brands in urgent care, in a market with limited competition and solid economic drivers.
This asset is backed by a corporate-guaranteed, absolute NNN (Modified) lease with over 13 years of initial term remaining, ensuring zero landlord responsibilities and stable income. The lease includes 2% rental increases annually and three five-year renewal options, providing long-term growth potential. Fast Pace Health, a leading provider with over 295 clinics across six states, serves as an essential healthcare operator focused on underserved rural and suburban markets. Positioned along the South Gloster commercial corridor, this 3,600 SF building offers investors a passive, inflation-protected income stream supported by one of the fastest-growing brands in urgent care, in a market with limited competition and solid economic drivers.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,600 SF
Building Class
B
Year Built
2024
Price
$3,134,742
Price Per SF
$870.76
Cap Rate
6.25%
NOI
$195,921
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,600 SF
Building FAR
0.12
Lot Size
0.68 AC
Opportunity Zone
Yes
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 113E-06-128-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $128,805 |
Property Taxes
Parcel Number
113E-06-128-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$128,805
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Available Individually or as a Portfolio | 934 South Gloster St