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Views: 83 DOM: 273 Updated: 05.05.24 Posted: 09.13.23 Status: Active

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 15.1
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....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

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,...


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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
*ESRI data is presented for informational purposes only

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

Listing Broker

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