200 Letton Dr - Storefront Retail/Office FOR SALE


Paris, KY 40361
$3,055,000 USD
949-903-3399
200 Letton Dr, Paris, KY for Sale
$3,055,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 6.55% Cap Rate

200 Letton Dr
Paris, KY 40361


HIGHLIGHTS

  • Brand New 15 Yr. NNN Corp. Leases by Fast Pace Urgent Care - Strong Private Co. with Huge Growth
  • High Profile Locations within Dense Trade Areas - Surrounded by all Major Retail Traffic Generators
  • Fast Growing Suburban Cities of Daphne, AL, Hueytown, AL and Paris, KY - Strong Demo’s ($105,917)
  • The U.S. Urgent Care Market is One of Fastest Growing Segments - Nearly 29% All Primary Care Visits
  • Strong Private Company - 265+ Clinics - Dual Urgent Care/Physical Therapy - Fastest Growth in Southeast
  • 10% Bumps every 5 Yrs. with Options - Brand New 2023 Prototypes - LL only Responsible for Structure

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to purchase a single tenant Fast Pace Health Urgent Care in Paris, KY. Fast Pace Health operates over 250 clinics across 6 states and is dedicated to improving healthcare access through convenient and affordable care centers. The new NNN lease has a 15-year primary term, three 5-year option periods, 10% rent increases every 5 years, a corporate guarantee and minimal landlord responsibilities proving years of inflation resistant cash flows. The 3,726 SF building on 0.93-acre Walmart Supercenter outparcel is strategically positioned on the hard corner signalized intersection of Lexington Road and Martin Luther King Blvd which have a combined traffic count exceeding 29,700 VPD. Nearby retailers include Walmart Supercenter, Save A Lot, Tractor Supply Co., DaVita Dialysis, McDonald’s and Taco Bell. This is an excellent opportunity to own a new long term NNN leased corporate guaranteed Fast Pace Health with 15 years in option periods, rent increases every 5 years and minimal landlord responsibilities providing investors with inflation resistant income for years to come.

FOR SALE DETAILS

PRICE

$3,055,000 USD

PRICE/SF

$820 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fast Pace Health Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

Commercial Lot

APN/PARCEL ID

026-00-00-021.09

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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