Listed by JLL Chicago | Americas Headquarters, JLL Austin
$2,495,000
Fast Pace Health - Salem, IN
Details
Property Type Office, Retail
Sub Type Medical Office, Healthcare
Square Footage 2,800
Cap Rate 7.15%
NOI $178,370
Occupancy 100%
Tenancy Single
Brand/Tenant Fast Pace Health
Lease Type NNN
Lease Term 15.3
Lease Expiration 11/30/2039
Remaining Term 13.5
Rent Bumps Yes
Lease Options 3 X 5-Year Options
Price per SqFt $891
Year Built 2024
Acreage 0.960
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/29/2024
Office | 7.15% CAP | 2,800 SqFt
Investment highlights
±14 years of primary lease term on corporate NNN healthcare opportunity
Adjacent to Walmart Supercenter with 1.9M+ visits annually
Strong 2.0% annual rent escalations
Fast Pace Health is a leading independent urgent care provider to rural communities
Nearby J.F. Helsel Commerce Park with 129-acres of industrial area
#1 largest urgent care provider in the Southeast
Direct frontage along State Road 56 – a significant regional thoroughfare
Listing Contacts
Listed by JLL Chicago | Americas Headquarters, JLL Austin
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$178,370.00
$14,864.17/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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