Fast Pace Health Urgent Care | 200 Letton Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Fast Pace Health Urgent Care 200 Letton Dr
3,726 SF Retail Building Paris, KY 40361 £2,390,385 (£642/SF) 6.55% Net Initial Yield
Investment Highlights
- Brand New 15 Yr. NNN Corp. Leases by Fast Pace Urgent Care - Strong Private Co. with Huge Growth
- Fast Growing Suburban Cities of Daphne, AL, Hueytown, AL and Paris, KY - Strong Demo’s ($105,917)
- Strong Private Company - 265+ Clinics - Dual Urgent Care/Physical Therapy - Fastest Growth in Southeast
- High Profile Locations within Dense Trade Areas - Surrounded by all Major Retail Traffic Generators
- The U.S. Urgent Care Market is One of Fastest Growing Segments - Nearly 29% All Primary Care Visits
- 10% Bumps every 5 Yrs. with Options - Brand New 2023 Prototypes - LL only Responsible for Structure
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to purchase a single tenant Fast Pace Health Urgent Care in Paris, KY. Fast Pace Health operates over 250 clinics across 6 states and is dedicated to improving healthcare access through convenient and affordable care centers. The new NNN lease has a 15-year primary term, three 5-year option periods, 10% rent increases every 5 years, a corporate guarantee and minimal landlord responsibilities proving years of inflation resistant cash flows.
The 3,726 SF building on 0.93-acre Walmart Supercenter outparcel is strategically positioned on the hard corner signalized intersection of Lexington Road and Martin Luther King Blvd which have a combined traffic count exceeding 29,700 VPD. Nearby retailers include Walmart Supercenter, Save A Lot, Tractor Supply Co., DaVita Dialysis, McDonald’s and Taco Bell.
This is an excellent opportunity to own a new long term NNN leased corporate guaranteed Fast Pace Health with 15 years in option periods, rent increases every 5 years and minimal landlord responsibilities providing investors with inflation resistant income for years to come.
The 3,726 SF building on 0.93-acre Walmart Supercenter outparcel is strategically positioned on the hard corner signalized intersection of Lexington Road and Martin Luther King Blvd which have a combined traffic count exceeding 29,700 VPD. Nearby retailers include Walmart Supercenter, Save A Lot, Tractor Supply Co., DaVita Dialysis, McDonald’s and Taco Bell.
This is an excellent opportunity to own a new long term NNN leased corporate guaranteed Fast Pace Health with 15 years in option periods, rent increases every 5 years and minimal landlord responsibilities providing investors with inflation resistant income for years to come.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,726 SF
Building Class
A
Year Built
2023
Price
£2,390,385
Price Per SF
£642
Net Initial Yield
6.55%
NOI
£156,490
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.93 AC
Zoning
Commercial Lot - Commercial
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 026-00-00-021.09 | Improvements Assessment | £0 |
| Land Assessment | £430,348 | Total Assessment | £430,348 |
PROPERTY TAXES
Parcel Number
026-00-00-021.09
Land Assessment
£430,348
Improvements Assessment
£0
Total Assessment
£430,348
-
Eric Carlton -
Jereme Snyder -
Christian Rahe -
Colliers
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Fast Pace Health Urgent Care | 200 Letton Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.