Fast Pace Health Center | 100% Occupied 4 Tenant Shopping Center
$1,904,700
129 North Locust Avenue, Lawrenceburg, TN 38464
For Sale
Retail
Neighborhood Center
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
Documents:
Title | ||
---|---|---|
Offering Memorandum |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location

Gallery




