Miscellaneous
Fast Pace Urgent Care
1008 Azalea Dr, Waynesboro, MS 39367
Listing Price: $1,500,000
Investment Overview
Marcus & Millichap is pleased to present Fast Pace Health Urgent Care located at
1008 Azalea Dr, Waynesboro, MS 39367.
The Property was built in 2018 featuring a 12-year absolute net lease that expires
11/16/2030. The corporately-guaranteed lease features 1.25% annual rental increases
providing a blended cap rate through the initial term of 7.0%.
Fast Pace Health is one of the fastest growing urgent care clinics in the United
States. Founded in 2009, Fast Pace has already grown to more than 240 locations
across the Southeast with many more locations planned. Fast Pace provides
comprehensive services to over 3 million patients annually and is open 7 days a
week providing affordable convenient care to customers.
In 2022, Fast Pace Health acquired national healthcare provider First Care Clinics.
This acquisition transformed Fast Pace Health into a multi-specialty provider of
rural healthcare and value-based care services. Fast Pace Health accepts most
major insurance providers and offers extremely competitive self-pay rates, making
Fast Pace a premiere Health Care option in the Southeastern United States.
Strategically located between downtown Waynesboro and I-45, the property
is surrounded by national retailers including Walmart, Tractor Supply, Autozone,
O’Reillys, Dollar Tree, and many others. The Property benefits from the lack of
urgent care competition with the nearest urgent care more than 30 miles away.
The well-built property features a modern aesthetic with an all-brick façade, an
electronic pylon sign, and a roof warranty through 2038.
Fast Pace Urgent Care
Investment Highlights
- The Lease Is Absolute Net With Tenant Responsible For All Expenses Including Roof, Structure, and Parking Lot
- The Property Was Built In 2018 With A Modern Brick Façade And Features A Roof Warranty Through 2038
- The Lease Is Corporately Guaranteed by Fast Pace Health
- The Lease Features 1.25 Percent Annual Rent Bumps Which Drives The Blended Cap Rate Throughout The Initial Term To 7.0 Percent
- No Urgent Care Competition Within A 30-Mile Radius
Exclusively Listed By
Broker of Record
Listing Price: $1,500,000
Investment Highlights
- The Lease Is Absolute Net With Tenant Responsible For All Expenses Including Roof, Structure, and Parking Lot
- The Property Was Built In 2018 With A Modern Brick Façade And Features A Roof Warranty Through 2038
- The Lease Is Corporately Guaranteed by Fast Pace Health
- The Lease Features 1.25 Percent Annual Rent Bumps Which Drives The Blended Cap Rate Throughout The Initial Term To 7.0 Percent
- No Urgent Care Competition Within A 30-Mile Radius
Investment Overview
Marcus & Millichap is pleased to present Fast Pace Health Urgent Care located at 1008 Azalea Dr, Waynesboro, MS 39367. The Property was built in 2018 featuring a 12-year absolute net lease that expires 11/16/2030. The corporately-guaranteed lease features 1.25% annual rental increases providing a blended cap rate through the initial term of 7.0%. Fast Pace Health is one of the fastest growing urgent care clinics in the United States. Founded in 2009, Fast Pace has already grown to more than 240 locations across the Southeast with many more locations planned. Fast Pace provides comprehensive services to over 3 million patients annually and is open 7 days a week providing affordable convenient care to customers. In 2022, Fast Pace Health acquired national healthcare provider First Care Clinics. This acquisition transformed Fast Pace Health into a multi-specialty provider of rural healthcare and value-based care services. Fast Pace Health accepts most major insurance providers and offers extremely competitive self-pay rates, making Fast Pace a premiere Health Care option in the Southeastern United States. Strategically located between downtown Waynesboro and I-45, the property is surrounded by national retailers including Walmart, Tractor Supply, Autozone, O’Reillys, Dollar Tree, and many others. The Property benefits from the lack of urgent care competition with the nearest urgent care more than 30 miles away. The well-built property features a modern aesthetic with an all-brick façade, an electronic pylon sign, and a roof warranty through 2038.
Exclusively Listed By
Broker of Record
