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Single-Tenant Office Medical

TELL CITY - Fast Pace Urgent Care

211 IN-66, Tell City, IN 47586

Listing Price: $2,287,000

Cap Rate
5.60%
Tenant Name
FP UC Holdings, INC.
Years Remaining On Lease
15.4
Gross SF
2,700
Guarantor
Corporate Guarantee
Rentable SF
2,700
Price/Gross SF
$847.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.43

Investment Overview

Marcus & Millichap is pleased to present the fee simple ownership of 211 East State Highway 66 in Tell City, Indiana. The subject property is currently under construction and being developed to suit the needs of Fast Pace Urgent Care. Upon completion, the building will be a 2,700-square-feet, state-of-the-art medical office space, located on a hard corner surrounded by national retailers. Rent commencement is expected to begin in December 2021, which will begin a fifteen-year absolute-net lease. The lease features 10 percent annual rent increases every five years, as well as at the beginning of each of the three, five-year renewal options. Fast Pace Health Urgent Care was founded in 2009, with just one clinic in Collinwood, Tennessee to 147+ walk-in locations in the states of Tennessee, Kentucky, Mississippi, Louisiana, and Indiana. The clinics provide treatment for a wide range of illnesses, injuries, and common conditions, along with wellness, diagnostics, and screening services. Each clinic features multiple exam rooms, on-site lab testing, and x-ray capabilities. Fast Pace boasts short wait times and the ability to easily share records between locations, providing convenience to patients no matter where they are. Tell City is in Southern Indiana along the Ohio River, which serves as the border between Indiana and Kentucky. It is just over an hour drive west of Louisville. The subject property benefits from fantastic visibility and accessibility situated conveniently on State Highway 66, which sees over 16,400 vehicles per day. Investor benefits from fee-simple ownership of the building and land.

Investment Highlights

  • Multi-market Service Provider That Spans to Multiple Counties and States (Indiana and Kentucky)
  • Brand-New Construction Delivering in 2021
  • State-of-the-art Medical Building

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Single-Tenant Office Medical

TELL CITY - Fast Pace Urgent Care

Listing Price: $2,287,000

Cap Rate
5.60%
Tenant Name
FP UC Holdings, INC.
Years Remaining On Lease
15.4
Gross SF
2,700
Guarantor
Corporate Guarantee
Rentable SF
2,700
Price/Gross SF
$847.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.43

Investment Highlights

  • Multi-market Service Provider That Spans to Multiple Counties and States (Indiana and Kentucky)
  • Brand-New Construction Delivering in 2021
  • State-of-the-art Medical Building

Investment Overview

Marcus & Millichap is pleased to present the fee simple ownership of 211 East State Highway 66 in Tell City, Indiana. The subject property is currently under construction and being developed to suit the needs of Fast Pace Urgent Care. Upon completion, the building will be a 2,700-square-feet, state-of-the-art medical office space, located on a hard corner surrounded by national retailers. Rent commencement is expected to begin in December 2021, which will begin a fifteen-year absolute-net lease. The lease features 10 percent annual rent increases every five years, as well as at the beginning of each of the three, five-year renewal options. Fast Pace Health Urgent Care was founded in 2009, with just one clinic in Collinwood, Tennessee to 147+ walk-in locations in the states of Tennessee, Kentucky, Mississippi, Louisiana, and Indiana. The clinics provide treatment for a wide range of illnesses, injuries, and common conditions, along with wellness, diagnostics, and screening services. Each clinic features multiple exam rooms, on-site lab testing, and x-ray capabilities. Fast Pace boasts short wait times and the ability to easily share records between locations, providing convenience to patients no matter where they are. Tell City is in Southern Indiana along the Ohio River, which serves as the border between Indiana and Kentucky. It is just over an hour drive west of Louisville. The subject property benefits from fantastic visibility and accessibility situated conveniently on State Highway 66, which sees over 16,400 vehicles per day. Investor benefits from fee-simple ownership of the building and land.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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