1873 Cumberland Falls Hwy - Retail FOR SALE


Corbin, KY 40701
$2,677,165 USD
847-562-8500
1873 Cumberland Falls Hwy, Corbin, KY for Sale
$2,677,165 USD
Retail - FOR SALE
1/3
null | 6.35% Cap Rate

1873 Cumberland Falls Hwy
Corbin, KY 40701


HIGHLIGHTS

  • 13+ years remaining on the primary lease term
  • Medical tenant – E-commerce resistant
  • Positioned across from Baptist Health Corbin (273-Bed Hospital)
  • Immediate proximity to Interstate 75 (44,800 VPD)
  • Neighboring retailers include Kroger, Save A Lot, McDonald’s, Starbucks, Burger King, Applebee’s, Bojangles, Taco Bell, and several others
  • Nearly 50,000 people live within a 10-mile radius

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Fast Pace Health property located in Corbin, Kentucky. The property was constructed in 2022 specifically for Fast Pace and features a 15-year lease that expires in February 2038. The lease is triple net with landlord responsibilities limited to structure only. Additionally, there are 10% rental escalations every five years The 3,726 square-foot building benefits from its position along Cumberland Falls Highway (22,250 VPD) and immediate proximity to Interstate 75 which experiences over 44,800 vehicles per day. The asset also benefits from its strategic location across from Baptist Health Corbin, a 273-bed hospital that primarily serves southeastern Kentucky. Continual traffic is draw through the corridor by the hospital as well as the numerous nearby retailers such as Kroger, Save A Lot, McDonald’s, Starbucks, Burger King, Applebee’s, Bojangles, Taco Bell, and several others. There are nearly 50,000 people living within a ten-mile radius of the subject asset. 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 communities 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

$2,677,165 USD

PRICE/SF

$719 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fast Pace Health

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.65 AC

LAND SF

202,477 SF

ZONING

-

APN/PARCEL ID

120-00-00-123.00B1

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.