5+ Years Remaining | 1.25% Annual Rent Increases
– Fast Pace Urgent Care has over 5 years remaining on an original 12-year lease.
– The lease includes 1.25% annual rent increases throughout the base term and three, five-year options to renew.
Corporate Guaranty from Fast Pace Urgent Care Holdings (320+ Clinics)
– Lease corporately guaranteed by Fast Pace Health (FP UC Holdings, Inc.), providing credit support beyond a single-location tenant.
– Fast Pace operates 320+ healthcare centers across eight states throughout 8 states.
– 3rd largest urgent care operator in the U.S., with a continued focus on expansion in underserved markets.
Underserved Healthcare Market | Driving Durable Demand
– Woodbury serves as the county seat of Cannon County and is located approximately 55 miles from Nashville.
– The area exhibits limited access to healthcare providers, increasing reliance on urgent care services.
– Fast Pace Health strategically targets markets with constrained supply and high demand, supporting consistent patient volume and long-term tenancy.
Outside Murfreesboro and Nashville MSA | Income Tax Free State
– Positioned outside the Nashville metropolitan area, a 2.2M+ population region experiencing strong in-migration.
– The MSA adds 30,000+ residents annually, driven by job growth and relative affordability.
– Growth trends are expanding into surrounding communities like Woodbury, increasing demand for essential services.
– Located in Tennessee, a no-state income tax environment, enhancing after-tax returns.
