502 Ellington Dr - Medical FOR SALE


Lafayette, TN 37083
$1,620,500 USD
541-419-0410
502 Ellington Dr, Lafayette, TN for Sale
$1,620,500 USD
Medical - FOR SALE
1/5
null | 6.9% Cap Rate

502 Ellington Dr
Lafayette, TN 37083


HIGHLIGHTS

  • Price reduced $100,000! Low price investment property. Perfect for 1031 exchange
  • Great location between Walgreens and the US Postal Service office
  • Single tenant NNN lease with Tenant responsible for the Property and Premises other than structure
  • Annual Rent Increases: 1.25%
  • Renewal Options: Two 6 year options
  • Corporate Guaranty from FP Urgent Care, LLC

OVERVIEW

Price Reduced $100,000. Fast Pace opened its first clinic in Collinwood, TN in 2009. Fast Pace Health is dedicated to improving healthcare access through convenient and affordable solutions in the communities it serves. Currently locations exist in six states: Tennessee, Kentucky, Louisiana, Mississippi, Alabama, and Indiana. Today, there are 265 Fast Pace Health clinics experiencing over three million patient visits annually. Fast Pace Health is more than just urgent care. Their services include primary care, orthopedics, dermatology, behavioral health, physical therapy, and telehealth. Fast Pace Health recently completed an investment in First Care Clinics. The combination results in a multi-specialty provider of rural healthcare and value-based care population health management services. Fast Pace Health and Calcasieu Urgent Care, two of the nation’s top affordable urgent care providers, recently formed a partnership resulting in one of the largest urgent care providers in the United States. Fast Pace Health acts as the overarching brand for the two companies.

FOR SALE DETAILS

PRICE

$1,620,500 USD

PRICE/SF

$450 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fast Pace Urgent Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

Commercial

APN/PARCEL ID

050P-A-009.07

ASK ABOUT THIS PROPERTY

Erich SchultzErich SchultzMore Info
541-419-0410

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Erich SchultzErich SchultzMore Info
541-419-0410

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