Fast Pace Urgent Care
Biloxi | 6.00% CAP | 3,726 SqFt
Marketing description
Retail Investment Group is pleased to offer for sale this Fast Pace Health in Biloxi, Mississippi. This opportunity features a NNN lease (landlord responsible for roof and load bearing walls). Built in 2020, this Fast Pace has 9+ years remaining, and has been open and operating at this location for 5 years. This ±3,726-square-foot building sits on a ±0.52 acre lot.
Investment highlights
Over 9 years remaining on corporate net lease with (3), 5-year options to renew
10% rent increases every 5 years, in primary terms and options
Stable regional tenant undergoing rapid growth
Fast Pace currently has over 300 locations spread across 8 states with additional locations coming soon
Less than 3 miles from Mississippi Coast Coliseum and Convention Center, an 11,500-seat reserved seating, 15,000 festival seating, multi-purpose arena
Strategically located in the heart of Biloxi in dense residential area (±33,865 residents within 3 miles)
Less than 1 mile from Mississippi Gulf Coast Community College with ±7,845 students enrolled
High-traffic retail corridor with national surrounding tenants including Harbor Freight, Walmart Supercenter, Hobby Lobby, Starbucks, Hibbett, McDonald’s and Subway
Biloxi is the fastest-growing city in the Gulf Coast, boasting a 12% increase in residents over the last decade
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