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Fast Pace Health Center | 100% Occupied 4 Tenant Shopping Center

$1,904,700

129 North Locust Avenue, Lawrenceburg, TN 38464

Active
Last Updated: 02/18/2021

8.15

Cap Rate

155,232

NOI

Details:
Cap Rate:    8.15%
NOI:    $155,232
Building Size:    7,495 sqft
Lot Area:    0.86 acres
Lease Type:    Triple Net
Year Built:    1965
Price Per Sqft:    $254.13
Year Last Renovated:    2018
Highlights:
  • 100% Occupied – 4 Tenant Fast Pace Health Multi-Tenant Center
  • Corporate Guarantee From FP Urgent Care, LLC
  • Fast Pace: Triple Net (NNN) Leases With Landlord Responsible For Roof and Parking Lot (Structure Only; Includes Long Term Roof Warranty)
  • Stable Regional Tenant Undergoing Rapid Growth
  • Fast Pace Health Currently Operates Over 125 Clinics Across 5 States
  • 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
  • Jimi Shelter Insurance Has Been a Long Standing Tenant For Over 8 Years
  • State Finance Company Holds a Corporate Guarantee With 2.50% Annual Rental Increases
  • Covington Credit Has Occupied the Premise Since 2009 and Has a Corporate Guarantee
  • Lawrenceburg is Located in Lawrence County and is the Largest City on the State’s Southern Border Between Chattanooga and Memphis
  • Population of 18,855 Residents With an Average Household Income of $54,732 Within a 5-Mile Radius
  • Highly Visible and Trafficked Site, Sitting on a Signalized Hard Corner of US-43 and Locust Avenue (21,281 VPD)
  • Nearby Tenants Include: Walmart Supercenter, Kroger, CVS, Walgreens, First Horizon Bank, AutoZone, Domino’s Pizza, McDonald’s and Many More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,495 SF Fast Pace Health Center at 129 N Locust Avenue in Lawrenceburg, TN. This Offering Includes a 100% Occupied 4 Tenant Shopping Center With a Corporate Guarantee From FP Urgent Care, LLC, Providing For a Unique Investment.






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

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