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Single-Tenant Office Medical

Fast Pace Health Urgent Care

1023 W Main St, Princeton, KY 42445

Listing Price: $1,586,666

Cap Rate
6.75%
Tenant Name
Fast Pace Health
Years Remaining On Lease
5.3
Gross SF
3,600
Guarantor
Corporate Guarantee
Rentable SF
3,600
Price/Gross SF
$440.74
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.75

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the 3,600-square-foot Fast Pace Health at 1023 W. Main Street in Princeton, Kentucky. This opportunity is ideal for a 1031 Exchange with more than five years remaining on the initial 10-year lease and (two) five-year options, providing the opportunity to acquire truly irreplaceable real estate.

Investment Highlights

  • Triple Net Lease With Minimal Landlord Responsibilities (Roof and Parking Lot)
  • Five Percent Rental Increases Every Five Years; (Two) Five-Year Options
  • Urgent Care Operator Undergoing Rapid Growth- Fast Pace Health Currently has Over 140 Clinics Across Five States With Plans To Expand
  • Adopted Telehealth Services
  • In 2016, Revelstoke Capital Partners Completed it's Fast Pace Acquisitions as it's Private Equity Sponsor; this Represents More than $1.2 Billion of Total Enterprise Value For Revelstoke
  • In 2018, CRG (Leading Healthcare Investment Firm) Partnered with Fast Pace and Revelstoke Resulting in Additional Capital For Growth
  • Urgent Care Industry is Worth $16 Billion with More than Nine Percent of Growth Since 2020
  • Urgent Care Clinics Handle Approximately 89 Million Patient Visits Each Year, which Includes More than 29 Percent of All Primary Care Visits in the U.S. (Urgent Care Association)

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Single-Tenant Office Medical

Fast Pace Health Urgent Care

Listing Price: $1,586,666

Cap Rate
6.75%
Tenant Name
Fast Pace Health
Years Remaining On Lease
5.3
Gross SF
3,600
Guarantor
Corporate Guarantee
Rentable SF
3,600
Price/Gross SF
$440.74
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.75

Investment Highlights

  • Triple Net Lease With Minimal Landlord Responsibilities (Roof and Parking Lot)
  • Five Percent Rental Increases Every Five Years; (Two) Five-Year Options
  • Urgent Care Operator Undergoing Rapid Growth- Fast Pace Health Currently has Over 140 Clinics Across Five States With Plans To Expand
  • Adopted Telehealth Services
  • In 2016, Revelstoke Capital Partners Completed it's Fast Pace Acquisitions as it's Private Equity Sponsor; this Represents More than $1.2 Billion of Total Enterprise Value For Revelstoke
  • In 2018, CRG (Leading Healthcare Investment Firm) Partnered with Fast Pace and Revelstoke Resulting in Additional Capital For Growth
  • Urgent Care Industry is Worth $16 Billion with More than Nine Percent of Growth Since 2020
  • Urgent Care Clinics Handle Approximately 89 Million Patient Visits Each Year, which Includes More than 29 Percent of All Primary Care Visits in the U.S. (Urgent Care Association)

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the 3,600-square-foot Fast Pace Health at 1023 W. Main Street in Princeton, Kentucky. This opportunity is ideal for a 1031 Exchange with more than five years remaining on the initial 10-year lease and (two) five-year options, providing the opportunity to acquire truly irreplaceable real estate.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

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