Listed by Marcus & Millichap - Austin
$2,275,862
Fast Pace Health
Details
APN 366616303029002009
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 4,500
Net Rentable (SqFt) 4,500
Units 1
Cap Rate 7.25%
NOI $165,000
Occupancy 100%
Tenancy Single
Brand/Tenant Fast Pace Health
Lease Type Absolute NNN
Lease Term 16
Lease Expiration 11/29/2033
Remaining Term 7.4
Rent Bumps Yes
Lease Options Two (2), 10-Year Options
Price per SqFt $506
Class A
Year Built 2017
Buildings 1
Stories 1
Acreage 0.590
Parking Spaces 42 spaces
Parking per 1,000 SqFt 9.33
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/18/2017
Ground Lease No
Ownership Fee Simple
Best In Class Tenant | 7.25% CAP | Strategic Location
Investment highlights
Best-in-Class Tenant - Fast Pace Health is one of the largest corporate urgent care tenants. Establishing itself as a market leader for accessible, convenient healthcare.
Absolute Net - The property features an absolute triple net lease. This means zero landlord responsibilities making it a passive investment with predictable income and minimal risk
Long Lease Term - The lease still has 7 years remaining on the initial 15-year lease term with two (2), 10-year renewal options available.
Strategic Location - Located in a dense retail area, the subject property is surrounded by national and local tenants such as Walmart, McDonald’s, Wendy’s, Tractor Supply Co., etc.
Listing Contacts
Listed by Marcus & Millichap - Austin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,000.00
$13,750.00/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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