CAP RATE: 6.35%
BUILDING SIZE: 3,700 Sq Ft
YEAR BUILT: 2023
LOT SIZE: +/- 0.63 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 Princeton, 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 at Stoplight Intersection – The subject property is ideally positioned on the main retail corridor in Princeton, Indiana and sits across the street from a Walmart Supercenter, which benefits from nearly 1,700,000 visitors annually. The subject property has extremely strong visibility at the stoplight intersection with over 13,000 cars per day.