Listed by Marcus & Millichap - Chicago Oak Brook
$1,435,800
Fast Pace Urgent Care - Woodbury, TN (Outside Murfreesboro)
Details
Property Type Retail, Office
Sub Type Medical Office
Square Footage 3,600
Cap Rate 7.72%
NOI $110,913
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 12.5
Lease Expiration 10/31/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options Three, Five-Year
Broker Co-Op True
Year Built 2019
Acreage 0.700
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/15/2019
Ground Lease No
Ownership Fee Simple
5+ Years Remaining | 1.25% Annual Increases | Income Tax Free State
Investment highlights
5+ Years Remaining | 1.25% Annual Rent Increases
- Fast Pace Urgent Care has over 5 years remaining on an original 12-year lease.
- The lease includes 1.25% annual rent increases throughout the base term and three, five year options to renew.
Corporate Guaranty from Fast Pace Urgent Care Holdings (320+ Clinics)
- Lease corporately guaranteed by Fast Pace Health (FP UC Holdings, Inc.), providing credit support beyond a single-location tenant.
- Fast Pace operates 320+ healthcare centers across eight states throughout 8 states.
- 3rd largest urgent care operator in the U.S., with a continued focus on expansion in underserved markets.
Underserved Healthcare Market | Driving Durable Demand
- Woodbury serves as the county seat of Cannon County and is located approximately 55 miles from Nashville.
- The area exhibits limited access to healthcare providers, increasing reliance on urgent care services.
- Fast Pace Health strategically targets markets with constrained supply and high demand, supporting consistent patient volume and long-term tenancy.
Outside Murfreesboro and Nashville MSA | Income Tax Free State
- Positioned outside the Nashville metropolitan area, a 2.2M+ population region experiencingstrong in-migration.
- The MSA adds 30,000+ residents annually, driven by job growth and relative affordability.
- Growth trends are expanding into surrounding communities like Woodbury, increasing demand for essential services.
- Located in Tennessee, a no-state income tax environment, enhancing after-tax returns.
Listing Contacts
Listed by Marcus & Millichap - Chicago Oak Brook
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$110,913.00
$9,242.75/mo
Valuation Metrics
0
DSCR
7.72%
Cap Rate
7.72%
ROI
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