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Fast Pace Urgent Care
3082 Kirby Whitten Road, Bartlett, TN 38134
$2,912,000
Cap Rate 6.25%
Summary
| Price $2,912,000 | Built/Renov 2023 | Tenant Fast Pace Urgent Care |
| Cap Rate 6.25% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
3,700
| Lease Start
03-15-2024
| #Units
235
|
| Price/SF $787.03 | Expiration
07-30-2039
| Tenant Type Medical/Health |
| NOI $182,000 | R. Term 15.7 | Ownership Fee Simple |
| Rent/SF
$49.19
| Increases 2.0%/1/yrs | Pop 5Mi 167,500 |
| Lot/AC 0.72 | Options 3/5yrs/2% | AHHI 5Mi $88,046 |
| | |
Lease Highlights
- New 2023 construction
- Brand-new 15-year lease commences March of 2024 with 3 (5-year) options to extend
- Lease features 2% annual rental increases
- Favorable NN+ lease – minimal landlord responsibilities (structure only)
- Corporate guaranteed lease
- Income tax free state
Location Description
The newly constructed, 3,700 square foot Fast Pace facility benefits from its position along Kirby Whitten Road, which experiences 28,300+ vehicles per day. The property is placed in a large cluster of nationally recognized retailers including Kroger, ALDI, Goodwill, Chick-Fil-A, Starbucks, Walgreens, and many more, all of which drive a continual pattern of traffic through the corridor....
...Features
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New construction
-
Near major nationals
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Dense 100M+ pop 5 mi
-
Affluent AHHI $100K 5 Mi
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Major MSA
-
Income tax free state
-
Brand new lease
-
Long 15+ yr lease
-
Favorable NN+ lease
-
Corporate Guarantee
...
Maps
Tenant
- Tenant: Fast Pace Urgent Care
- Guarantor:Corporate
- Company:FP UC Holdings, Inc
- # Units:235
- Stock:Private
About Tenant
Fast Pace Health Urgent Care is a leading provider of outpatient healthcare services to rural communities. The company offers a wide variety of medical services in underserved communities,...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,994 | 68,940 | 165,088 |
| 2023 Total Population : | 9,208 | 70,194 | 167,500 |
| 2023 Employed Civilian Pop : | 4,377 | 35,221 | 81,863 |
| 2023 Total Businesses : | 577 | 2,749 | 5,850 |
| 2023 Average Household Income : | $ 78,588 | $ 84,819 | $ 88,046 |
| 2023 Total Consumer Spending : | $ 231 M | $ 1968 M | $ 4785 M |
| 2023 Median Age : | 43 | 38 | 37 |
| 2023 Total Households : | 3,439 | 26,990 | 63,048 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,246 | 10,309 | 25,261 |
| 2023 Average Home Value : | $ 210,550 | $ 252,548 | $ 251,960 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Kirby-Whitten Parkway | Stonetrace Dr | 2022 | 28,389 | 0.17 mi |
| KIRBY-WHITTEN PKWY. | Parking Lot | 2021 | 30,330 | 0.17 mi |
| Stage Road | Summer Oaks Dr | 2022 | 29,500 | 0.36 mi |
| Stage Rd | Charles Bryan Rd | 2014 | 30,259 | 0.41 mi |
| Stage Rd | Altruria Rd | 2008 | 31,660 | 0.51 mi |
| Santa Cruz Dr | 2021 | 14,728 | 0.58 mi | |
| Memphis Arlington Rd | 2022 | 13,402 | 0.58 mi | |
| Yale Road | Parking Lot | 2022 | 19,546 | 0.90 mi |
| YALE RD. | Hwy 70 | 2021 | 18,679 | 0.90 mi |
| Stage Rd | Van Leer Dr | 2014 | 29,247 | 0.91 mi |
