Fast Pace
394 Rochester Crossing Dr | Rochester | IN | 46975
For Lease
Property Highlights
-
Secure Income Stream
- 15-Yr. Modified NNN Lease, Tenant Responsible for Roof
- 2% Annual Rent Increases, Including Renewal Options
- Corporate Guarantee from Fast Pace Health, 183 Locations and Growing
- Fast Pace Health Achieved Highest Level of Creditation from the Urgent Care Association
- In 2020, Urgent Care Clinics Saw a 58% of These Visits
- Urgent Care Industry Revenue Great at an Annualized Rate of 5.9% to $38.5 Billion (2016-2021)
- 18,354 Residents in Primary Trade Area with an Average Household Income of $66,583
- Excellent Access and Visibility to 12,500 VPD Along Main Retail Corridor with Direct Access to South Road
- Situated at the Entrance to a New Walmart Supercenter and Across from Kroger Grocery Anchored Center
- Just Off SR 31 with 29,000 VPD, Connects to Downtown Indianapolis
- Strong Daytime Population, Over 9,000 Employees in Trade Area
- South of Lake Michigan with Millions of Annual Visitors
- 3 Miles to Fulton County Airport (RCR), 10 Miles to Friedrich Airport and 14 Miles to Mentone Airport
Property Details
- Available SF: 3,726 SF
- Price: $ 2,847,000
- Transaction Type: For Lease
- Property Type: Medical
- Lot Size: 0.68 AC
- Cap Rate: 5.50%
- Year Built: 2022
- Availability: Available
Financial Summary
Investment Highlights
| Price | $2,847,000.00 |
| Price / Unit | $0.00 |
| Gross Rent Multiplier | 0.00 |
| Proposed Loan Amount | $0.00 |
| Initial Investment | $2,847,000.00 |
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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