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Fast Pace Health | Triple Net (NNN) Lease

$951,700

301 West Main Street, Waverly, TN 37185

Active
Last Updated: 03/30/2021

7.25

Cap Rate

69,000

NOI

Details:
Cap Rate:    7.25%
NOI:    $69,000
Building Size:    2,925 sqft
Lot Area:    0.36 acres
Lease Type:    Triple Net
Year Built:    2015
Price Per Sqft:    $325.36
Roof & Structure :    Landlord's Responsibility
HVAC:    Tenant's Responsibility
Repairs & Maintenance:    Tenant's Responsibility
Highlights:
  • Triple Net (NNN) Lease With Landlord Responsible For Roof and Parking Lot (Structure Only)
  • Fast Pace Health Currently Operates Over 127 Clinics Across 5 States
  • Corporate Guarantee From FP UC Holdings, LLC
  • Property is Located in an Income Tax Free State
  • Stable Regional Tenant Undergoing Rapid Growth
  • As an Industry Leader, Fast Pace Has Evolved and Adapted Within the Healthcare Sector By Expanding Their Services and Updating Their Name to Fast Pace Health Urgent Care; Read More Here
  • Fast Pace Health Has Adopted Telehealth Services as an Option For Their Patients and is Expanding the Service Throughout Its Network of Clinics
  • Ideal 1031 Exchange Opportunity
  • In 2016, Revelstoke Capital Partners Completed Its Fast Pace Acquisitions as Its Private Equity Sponsor; This Represents More Than $1.2 Billion of Total Enterprise Value For Revelstoke
  • In 2018, CRG (a Leading Healthcare Investment Firm) Partnered With Fast Pace Urgent Care and Revelstoke, Resulting in Additional Capital For Continued Growth of the Concept
  • Urgent Care is a $16 Billion Industry With 3.5% Annual Growth; Approximately 9,300 Clinics in Operation in the United States as of November 2015 Employing Approximately 73,000 Healthcare Professionals*
  • “Urgent Care Clinics Handle About 89 Million Patient Visits Each Year, Which Includes More Than 29% of All Primary Care Visits in the U.S., and Nearly 15% of All Outpatient Physician Visits” – CEO Urgent Care Association**
Description:

Sands Investment Group is Pleased to Present Exclusively For Sale the 2,925 SF Fast Pace Health Located at 301 West Main Street in Waverly, TN. This Deal Includes a Triple Net (NNN) Lease With the Landlord Responsible For Roof and Parking Lot, Providing For a Great Investment.





In Cooperation With Sands Investment Group
Tennessee, LLC - Lic. #263973

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