CAP RATE: 6.35%
BUILDING SIZE: 3,700 Sq Ft
YEAR BUILT: 2023
LOT SIZE: +/- 1.12 Acres
- Corporate Guaranty from Fast Pace Urgent Care Holdings (240+ Units) – Fast Pace’s journey began in 2009 with one clinic in Collinwood, Tennessee and has since grown to a network of 240+ healthcare centers across Tennessee, Kentucky, Louisiana, Mississippi, Indiana, and Alabama. Fast Pace Health has been committed to bringing quality, affordable, and accessible healthcare to underserved rural communities.
- 15 Year Lease | 2.00% Annual Rental Increases – The FP UC Holdings, LLC corporate guaranteed lease has 15 years remaining on its initial lease term with three, five-year options to extend, demonstrating their commitment to the site. The lease features 2.00% annual rental increases throughout the initial term and continuing into the option periods, growing NOI and hedging against inflation.
- Brand New 2023 Construction | NNN Lease with Limited Landlord Responsibilities – The subject property was a brand new build to suit for Fast Pace Urgent Care in 2023 and a strategic location in the main retail corridor in Marion, Indiana. The tenant pays for CAM, taxes, and insurance and the landlord’s responsibilities are limited to outer four walls & foundation only. This property is an ideal, low-management investment for a passive investor.
- Across from Walmart Supercenter and Meijer | 22,000+ Cars per Day – The subject property is ideally positioned on the main retail corridor in Marion, Indiana and sits across the street from a Walmart Supercenter, which benefits from nearly 2,000,000 visitors annually and Meijer, which sees over 1,670,000 visitors annually. Because of the property’s strong positioning, it also benefits from over 22,000 cars per day on South Western Avenue.