104 1st Ave S - Freestanding FOR SALE


Collinwood, TN 38450
$1,183,000 USD
949-374-1163
104 1st Ave S, Collinwood, TN for Sale
$1,183,000 USD
Freestanding - FOR SALE
1/6
null | 7.5% Cap Rate

104 1st Ave S
Collinwood, TN 38450


OVERVIEW

AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to offer the opportunity to acquire the fee simple interest of Fast Pace Health Urgent Care in Collinwood, TN. This offering presents the opportunity to acquire a 3,600 SF single-tenant urgent care facility built in 2019 and situated on a 0.61-acre parcel along 1st Avenue South in Collinwood, Tennessee. The property is located along Tennessee State Route 13, the primary corridor through downtown Collinwood near its interchange with the Natchez Trace Parkway, and holds particular significance as a market with deep roots for the tenant — Collinwood is the town where Fast-Paced Health opened its first-ever clinic in 2009, and the company has continuously operated in the community ever since, with the current 3,600 SF facility constructed in 2019 as a build-to-suit replacement. The asset is 100% leased to Fast Pace Health, a leading rural healthcare provider across the Southeast and Midwest, operating under a 12-year NNN lease with approximately 4.7 years remaining on the primary term and two (6-year) renewal options. Landlord retains responsibility for roof, structure, parking lot resurfacing and capital expenditures, while Tenant is responsible for interior maintenance, HVAC, and reimbursement of taxes and insurance — a low-management ownership profile. The property is positioned along 1st Avenue South in the heart of downtown Collinwood, near Collinwood Hardware and other long-standing local businesses, and serves as an established healthcare anchor for Wayne County and the surrounding rural, tri-state trade area near the Alabama and Mississippi borders. Fast Pace Health is a Tennessee-based healthcare provider operating a network of 300+ urgent care, primary care, and specialty clinics across eight states in the Southeast and Midwest. Founded in 2009 in Collinwood, TN and headquartered in Franklin, TN, the company delivers convenient outpatient medical services to rural and underserved communities, including urgent care, primary care, behavioral health, dermatology, orthopedics, and telehealth. The platform is supported by private equity firm Revelstoke Capital Partners, a Denver-based, healthcare-focused private equity firm with over $6 billion in assets under management, which has helped accelerate the brand’s growth since 2018.

FOR SALE DETAILS

PRICE

$1,183,000 USD

PRICE/SF

$329 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,650 SF

ZONING

C-2

APN/PARCEL ID

137M-C-019.00

ASK ABOUT THIS PROPERTY

Miles ElamAiCRE PartnersMore Info
949-374-1163

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Miles ElamAiCRE PartnersMore Info
949-374-1163

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.