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Fast Pace Health

11090 Lebanon Rd., Mt. Juliet, TN, 37122
For Sale

Property Details

  • Price: $5,440,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.25%
  • Building Size: 7,000 SF
  • Lot Size: 1.10 AC
  • Lease Type: NNN
  • Lease Term: 15 years
  • Year Built: 2023
  • Tenancy: Single Tenant

Property Description

SECURE INCOME STREAM

• 15-Yr. Modified NNN Lease, Tenant Responsible for Roof
• 2% Annual Rent Increases, Including Renewal Options
• Rare Dual Service Facility Offering Urgent Care and Physical Therapy Treatments
• Corporate Guarantee from Fast Pace Health, 240 Locations and Growing
• Fast Pace Health Achieved Highest Level of Accreditation from the Urgent Care Association
• U.S. Urgent Care market is valued at $56.7 Billion (2022) and is expected to expand at a compound annual growth rate of 10.99% from 2023 to 2030
• Urgent Care Clinics Handle About 89 Million Patient Visits Per Year, Including More Than 29% of All Primary Care Visits in the U.S., and Nearly 15% of All Outpatient Physician Visits

PROXIMITY

• Nashville Metropolitan Statistical Area – 18 Miles to Downtown Nashville
• Nashville MSA is the Most Populous Metro Area in Tennessee, with a Population of Over 2 Million People
• #1 Emerging Market in the U.S. – The Urban Land Institute Ranked Nashville the #1 Emerging Market in the U.S. for the Past Two Years
• 72,760 Residents in Primary Trade Area
• Affluent Demographics with an Average Household Income of $123,875
• Excellent Access and Visibility to 27,509 VPD Along Dense Retail Corridor
• Situated Across from a Publix Grocery Anchored Center (2.5M Annual Visits) and Kroger Grocery Anchored Center (1.65M Annual Visits)
• Close Proximity to Under Armour, FedEx, and Amazon Distribution Centers with Over 3,000 Employees
• New Developments Nearby Include a Whataburger, Camel Car Wash and Walmart Expansion
• Minutes to Vanderbilt Wilson County Hospital with 245 Beds and 1,245 Employees
• Surrounded by Several K-12 Schools with 10,443 Combined Students
• 12 Miles to Cumberland University with 2,319 Students and 396 Employees
• Upcoming Residential Developments Nearby Include: Providence Central, a 175-Acre Master Planned Development and McFarland Town Center with 176 Single-Family Homes, 196 Town Homes, and 300 Apartments

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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