Fast Pace Health | Manchester, TN
7.00% CAP | Leading Healthcare Provider | 13.5+ Years Remaining
Marketing description
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Fast Pace Health in Manchester, TN. The 2024 build-to-suit has 13.5+ years of lease term remaining with 2% annual increases and three (3) 5-year options. The asset is located off Hillsboro Blvd, an east-to-west thoroughfare connecting I-24 (46,700 VPD) to McMinnville Hwy (20,500 VPD).
Investment highlights
LEADING URGENT CARE PROVIDER
Fast Pace Health is the largest urgent care provider throughout the Southeast with over 320 clinics | Fast Pace had just 35 clinics in 2016 prior to Revelstoke partnership
PORTFOLIO COMPANY OF HEALTHCARE FOCUSED PE FIRM
Since 2013, Revelstoke Capital Partners have completed 200+ healthcare acquisitions totaling over $15B of value
LARGE FORMAT DUAL-CLINIC CONCEPT
Location acts as a multi-use clinic offering both urgent care services and physical therapy services
LONG-TERM LEASE
Tenant is signed to a 15-year lease with over 13.5 years of term remaining | Three (3) 5-year renewal options
ATTRACTIVE RENTAL INCREASES
Lease consists of 2% annual rental increases providing investors with a strong hedge against inflation
MINIMAL LANDLORD RESPONSIBILITIES
Landlord responsibilities consist of structural components only allowing for passive out-of-state ownership
RAPIDLY GROWING MARKET
Manchester is growing 2.2% annually and has increased by 14.88% since 2020
THE VOLUNTEER STATE
Tennessee is one of the nine income-tax-free states in the U.S.; provides investors with additional tax benefits
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