Fast Pace Health

Highlights:

• NASHVILLE MSA LOCATION ALONG U.S. ROUTE 70S: The property is located at 829 W Main Street along U.S. Route 70S, the primary commercial corridor through Woodbury, which connects the town to Murfreesboro and McMinnville. Woodbury is the county seat of Cannon County and part of the Nashville Metropolitan Statistical Area, approximately 55 miles southeast of Nashville. Neighboring tenants include Piggly Wiggly, Hardee’s, Sonic DriveIn, Taco Bell, AutoZone, Dollar General, Walgreens, Subway, and the U.S. Postal Service.
• RURAL HEALTHCARE NECESSITY PROVIDER: Woodbury is a small, service-oriented community and the county seat of Cannon County, Tennessee, with limited competing healthcare alternatives in the immediate trade area. Fast Pace Health’s clinic model — extended hours, walk-in accessibility, and a broad range of services — positions the property as an essential, necessity-based healthcare resource for the surrounding rural population.
• 2019-BUILT MEDICAL FACILITY: The property features a 3,600 SF urgent care facility built in 2019 on a 0.70-acre parcel, laid out to accommodate Fast Pace Health’s clinical operations, including multiple exam rooms and support space. The modern construction provides a high-quality, purpose-built medical asset with contemporary building systems.
• NN LEASE WITH LIMITED LL RESPONSIBILITIES: The property features a NN lease structure with approximately 5 years remaining on the primary term, where Tenant is responsible for property taxes, insurance, common area, repairs and maintenance, HVAC, and utilities. Landlord is responsible only for the roof, structure, and parking lot resurfacing.
• ANNUAL RENT ESCALATIONS: Base rent increases 1.25% annually throughout the primary term. In each of the three 5-year renewal terms, rent increases in the first year by the change in CPI-U (capped at 5%), followed by 1.25% annual increases throughout the remainder of each option, providing built-in income growth and a hedge against inflation.
• CORPORATE GUARANTEE & INCOME TAX FREE STATE: The lease is backed by a corporate guarantee from FP Urgent Care, LLC. In addition, the property is located in Tennessee, an income tax free state, making the asset an ideal 1031 exchange opportunity.
• 3RD LARGEST URGENT CARE OPERATOR IN THE US W/ PRIVATE EQUITY BACKING: The property is leased to Fast Pace Health (operating as Fast Pace Urgent Care), a leading rural healthcare provider with 300+ clinics across eight states -- making them the 3rd largest operator of urgent cares in the US. The platform is backed by Revelstoke Capital Partners, a Denver-based, healthcare-focused private equity firm with over $6 billion in assets under management, reinforcing operational strength and long-term growth strategy.
• RECESSION-RESISTANT HEALTHCARE ASSET: Urgent care is a necessity-based medical service providing non-discretionary healthcare. The sector has demonstrated resilience through economic cycles and benefits from increasing demand for convenient, cost-effective medical treatment.

Description:

AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to offer the opportunity to acquire the fee simple interest of Fast Pace Health Urgent Care in Woodbury, TN.

This offering presents the opportunity to acquire a 3,600 SF single-tenant urgent care facility built in 2019 and situated on a 0.70-acre parcel at 829 W Main Street in Woodbury, Tennessee. The property fronts U.S. Route 70S, the primary commercial corridor through Woodbury, the county seat of Cannon County, located within the Nashville MSA approximately 55 miles southeast of Nashville.

The asset is 100% leased to Fast Pace Health, a leading rural healthcare provider across the Southeast and Midwest, operating under a 12-year NN lease with approximately 5 years remaining on the primary term, 1.25% annual rent increases, and three (5-year) renewal options. The lease is backed by a corporate guarantee from FP Urgent Care, LLC. Landlord is responsible only for the roof, structure, and parking lot resurfacing while Tenant is responsible for property taxes, insurance, common area, repairs and maintenance, HVAC, and utilities — a low-management ownership profile.

The property is positioned along W Main Street (U.S. Route 70S) among national and regional tenants including Piggly Wiggly, Hardee’s, Sonic DriveIn, Taco Bell, AutoZone, Dollar General, Walgreens, and the U.S. Postal Service, and serves as an established healthcare provider for Woodbury and the surrounding Cannon County trade area.

Additionally, the property is located in Tennessee, an income tax free state, and the lease’s annual rent escalations provide built-in income growth, making the asset an ideal 1031 exchange opportunity for investors seeking a low-management, necessity-based healthcare investment.

Fast Pace Health is a Tennessee-based healthcare provider operating a network of 300+ urgent care, primary care, and specialty clinics across eight states in the Southeast and Midwest. Founded in 2009 in Collinwood, TN and headquartered in Franklin, TN, the company delivers convenient outpatient medical services to rural and underserved communities, including urgent care, primary care, behavioral health, dermatology, orthopedics, and telehealth. The platform is supported by private equity firm Revelstoke Capital Partners, a Denver-based, healthcare-focused private equity firm with over $6 billion in assets under management, which has helped accelerate the brand’s growth since 2018.

Documents: