1320 W State Road 2 - Freestanding FOR SALE


La Porte, IN 46350
$3,100,551 USD
847-562-8500
1320 W State Road 2, La Porte, IN for Sale
$3,100,551 USD
Freestanding - FOR SALE
1/4
null | 6.35% Cap Rate

1320 W State Road 2
La Porte, IN 46350


HIGHLIGHTS

  • 14+ years remaining on the primary lease term
  • NNN lease – minimal landlord responsibilities (no roof exposure)
  • Proximity to La Porte High School, Northwest Health, & Franciscan Physician Health Center
  • Average household income within five miles is $94,332
  • Medical tenant – E-commerce resistant
  • Fast Pace has grown to over 250 locations across Tennessee, Kentucky, Louisiana, Mississippi, Alabama, and Indiana

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Fast Pace Health property located in La Porte, Indiana. The property was constructed in 2023 specifically for Fast Pace and features a 15-year lease that expires in May 2039. The lease is triple net with landlord responsibilities limited to structure only. Additionally, there are 10% rental escalations every five years throughout the primary term and three 5-year options. The lease is guaranteed by the Fast Pace corporate entity. The 3,726 square-foot building benefits from its position along State Road 2 which experiences approximately 14,000 vehicles per day, runs through downtown La Porte, and connects to South Bend, Indiana. The subject is located on a shopping center outparcel that is anchored by Rural King and Dunham’s Sports. Nearby traffic draws include La Porte High School (1,800+ students), Northwest Health (84-Beds), and Franciscan Physician Health Center. Neighboring retailers include Walgreens, Ace Hardware, Advance Auto Parts, Burger King, Dollar General, and Biggby Coffee. Additionally, there are over 33,200 people living within a five-mile radius that earn an average household income of $94,332. Fast Pace Urgent Care embraces the belief that residents of America’s rural communities— many of whom are uninsured, underinsured, using Medicare or Medicaid — not only need but deserve accessible and quality healthcare. The mission is to improve the health of the commu-nities we serve by offering a wide variety of medical services in underserved communities, including urgent care, primary care, orthopedic services, behavioral health, dermatology, and telehealth. Each Fast Pace Health clinic features multiple exam rooms, on-site lab testing, and x-ray capabilities. Fast Pace began in 2009 with one clinic in Collinwood, TN, and has since grown to a network of 250+ healthcare centers in Tennessee, Kentucky, Louisiana, Mississippi, and Indiana.

FOR SALE DETAILS

PRICE

$3,100,551 USD

PRICE/SF

$832 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fast Pace Health

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

-

APN/PARCEL ID

46-10-02-154-006.000-043

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.