Fast Pace Health | Triple Net (NNN) Lease
$951,700
301 West Main Street, Waverly, TN 37185
For Sale
Office
Medical
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
Documents:
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Offering Memorandum |
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