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Fast Pace Urgent Care 829 W Main St

3,600 SF Retail Building Woodbury, TN 37190 £1,248,596 (£347/SF) 6.78% Net Initial Yield

Investment Highlights

  • Strong Tenant Stability: Corporate-guaranteed lease with a rapidly expanding healthcare tenant.
  • 1031 Exchange Opportunity: Ideal for investors seeking tax deferral benefits.
  • Desirable Lease Terms: Triple Net lease with 7+ years remaining and 1.25% annual rent increases.
  • Strategic Location: Situated in Woodbury, TN, part of the robust Nashville MSA, Tennessee’s largest metropolitan area.

Executive Summary

Presenting a prime investment opportunity at 829 W Main Street in Woodbury, TN, strategically located within the Nashville Metropolitan Statistical Area. This 3,600 SF property, built in 2019, houses Fast Pace Health, a leading provider of urgent care and rural healthcare services. Offered at $1,595,752.21 with a 6.78% cap rate, this asset delivers a solid annual Net Operating Income of $108,192.
This property benefits from a Triple Net (NNN) lease with over seven years remaining, providing minimal landlord responsibilities limited to roof and structural maintenance. Fast Pace Health, a rapidly expanding healthcare provider with over 235 clinics across six states, ensures a stable tenant profile backed by a corporate guarantee from FP UC Holdings, LLC.
Woodbury’s location in the thriving Nashville MSA enhances this investment with a growing local population, average household incomes exceeding $61,000 within a 5-mile radius, and proximity to key retailers including Piggly Wiggly, Taco Bell, and AutoZone. Fast Pace Health’s adoption of telehealth services and commitment to expanding their rural healthcare offerings positions this asset for long-term success.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,600 SF
Building Class
B
Year Built
2019
Price
£1,248,596
Price Per SF
£347
Net Initial Yield
6.78%
NOI
£84,655
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
0.70 AC
Parking
25 Spaces (6.94 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Piggly Wiggly
Old National Bank
Curves
Regions Bank
FirstBank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
039J-C-005.00
Land Assessment
£6,768
Improvements Assessment
£0
Total Assessment
£6,768
  • Listing ID: 33872009

  • Date on Market: 14/11/2024

  • Last Updated:

  • Address: 829 W Main St, Woodbury, TN 37190

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