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Single-Tenant Office Medical

Fast Pace Health Urgent Care | Brand New 2023 Construction | 15 Year Lease with 2% Annual Increases

3719 S Western Ave, Marion, IN 46953

Listing Price: $2,992,000

Cap Rate
6.35%
Tenant Name
FPMCM, LLC
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
3,700
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.35

Investment Overview

The Sulo Group is pleased to present a Fast Pace Urgent Care located in Marion, IN.

Fast Pace’s journey began in 2009 with one clinic in Collinwood, Tennessee and has since grown to a network of 240+ healthcare centers across Tennessee, Kentucky, Louisiana, Mississippi, Indiana, and Alabama. Fast Pace Health has been committed to bringing quality, affordable, and accessible healthcare to underserved rural communities.

The FP UC Holdings, LLC corporate guaranteed lease has 15 years remaining on its initial lease term with three, five-year options to extend, demonstrating their commitment to the site. The lease features 2.00% annual rental increases throughout the initial term and continuing into the option periods, growing NOI and hedging against inflation.

Investment Highlights

  • Corporate Guaranty from Fast Pace Urgent Care Holdings (240+ Units)
  • 15 Year Lease | 2.00% Annual Rental Increases
  • Brand New 2023 Construction | NNN Lease with Limited Landlord Responsibilities
  • Across from Walmart Supercenter and Meijer | 22,000+ Cars per Day

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Single-Tenant Office Medical

Fast Pace Health Urgent Care | Brand New 2023 Construction | 15 Year Lease with 2% Annual Increases

Listing Price: $2,992,000

Cap Rate
6.35%
Tenant Name
FPMCM, LLC
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
3,700
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$51.35

Investment Highlights

  • Corporate Guaranty from Fast Pace Urgent Care Holdings (240+ Units)
  • 15 Year Lease | 2.00% Annual Rental Increases
  • Brand New 2023 Construction | NNN Lease with Limited Landlord Responsibilities
  • Across from Walmart Supercenter and Meijer | 22,000+ Cars per Day

Investment Overview

The Sulo Group is pleased to present a Fast Pace Urgent Care located in Marion, IN. Fast Pace’s journey began in 2009 with one clinic in Collinwood, Tennessee and has since grown to a network of 240+ healthcare centers across Tennessee, Kentucky, Louisiana, Mississippi, Indiana, and Alabama. Fast Pace Health has been committed to bringing quality, affordable, and accessible healthcare to underserved rural communities. The FP UC Holdings, LLC corporate guaranteed lease has 15 years remaining on its initial lease term with three, five-year options to extend, demonstrating their commitment to the site. The lease features 2.00% annual rental increases throughout the initial term and continuing into the option periods, growing NOI and hedging against inflation.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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