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Fast Pace Health | Triple Net (NNN) Lease

$1,610,757

2059 Hwy 61 N, Vicksburg, MS 39183

Active
Last Updated: 06/14/2021

7

Cap Rate

112,753

NOI

Details:
Cap Rate:    7%
NOI:    $112,753
Building Size:    3,155 sqft
Lease Type:    Triple Net
Year Built:    2003
Price Per Sqft:    $510.54
Year Last Renovated:    2020
Roof & Structure :    Landlord's Responsibility
HVAC:    Tenant's Responsibility
Repairs & Maintenance:    Tenant's Responsibility
Highlights:
  • 12 Year Long-Term Lease on a Newly Renovated Fast Pace Health Urgent Care
  • Ideal 1031 Exchange Opportunity
  • 1.50% Annual Rental Increases With Option Periods
  • Triple Net (NNN) Lease With Landlord Responsible For Roof and Parking Lot (Structure Only; Includes Long-Term Roof Warranty)
  • Corporate Guarantee From FP UC Holdings, LLC
  • Stable Regional Tenant Undergoing Rapid Growth
  • Fast Pace Health Currently Operates Over 122 Clinics Across 4 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
  • 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 U.S. 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 Exclusively Offer For Sale the Newly Renovated 3,155 SF Fast Pace Health at 2059 Hwy 61 N in Vicksburg, MS. This Opportunity Includes an Ideal 1031 Exchange Opportunity on a Brand-New Construction 12 Year Long-Term Lease, Providing For a Unique Investment.





In Cooperation With: Sands Investment Group Mississippi, LLC – Lic. # 22675 
BoR: Andrew Ackerman – Lic. # 22616

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