Single-Tenant Office
Fast Pace Urgent Care | 15-Yr. Corporate Lease with 2% Annual Increases
1101 Indianapolis Rd, Greencastle (West of Indianapolis), IN 46158
Listing Price: $2,613,000
Cap Rate
7.27%
Tenant Name
Fast Pace Urgent Care
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.78
Investment Overview
Marcus & Millichap is pleased to present the Fast Pace Urgent Care in Greencastle, IN.
Fast Pace Urgent Care | 15-Yr. Corporate Lease with 2% Annual Increases
Investment Highlights
- 15-Year Corporate Lease with 2% Annual Rental Increases in the Base Term and Options
- One of the Nation's Largest and Fastest Growing Urgent Care Providers with 265+ Locations
- Brand New State-of-the-Art Clinic, Modified NNN Lease with Minimal Landlord Responsibilities (Structure Only)
- ER Treatment Costs are Approximately 10 Times More than an Urgent Care Clinic
- Demand for Affordable and Immediate Care has Rapidly Grown
- Classified Nationally as an Essential Business, Fast Pace Offers a Telehealth Platform for Virtual Consults 24/7
- Serving Over 37,000 Residents in Putnam County, 42 Miles West of Downtown Indianapolis
- Strong Average Household Incomes in Excess of $80,000 in Primary Trade Area
Exclusively Listed By
Broker of Record
Financing By
Single-Tenant Office
Fast Pace Urgent Care | 15-Yr. Corporate Lease with 2% Annual Increases
Listing Price: $2,613,000
Cap Rate
7.27%
Tenant Name
Fast Pace Urgent Care
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.78
Investment Highlights
- 15-Year Corporate Lease with 2% Annual Rental Increases in the Base Term and Options
- One of the Nation's Largest and Fastest Growing Urgent Care Providers with 265+ Locations
- Brand New State-of-the-Art Clinic, Modified NNN Lease with Minimal Landlord Responsibilities (Structure Only)
- ER Treatment Costs are Approximately 10 Times More than an Urgent Care Clinic
- Demand for Affordable and Immediate Care has Rapidly Grown
- Classified Nationally as an Essential Business, Fast Pace Offers a Telehealth Platform for Virtual Consults 24/7
- Serving Over 37,000 Residents in Putnam County, 42 Miles West of Downtown Indianapolis
- Strong Average Household Incomes in Excess of $80,000 in Primary Trade Area
Investment Overview
Marcus & Millichap is pleased to present the Fast Pace Urgent Care in Greencastle, IN.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
Financing By
