502 Ellington Dr - Medical FOR SALE


Lafayette, TN 37083
$1,399,000 USD
541-419-0410
502 Ellington Dr, Lafayette, TN for Sale
$1,399,000 USD
Medical - FOR SALE
1/5
null | 8.09% Cap Rate

502 Ellington Dr
Lafayette, TN 37083


HIGHLIGHTS

  • Annual Rent Increases: 1.25%
  • 1.25% annual escalations
  • Corporate Guaranty from FP Urgent Care, LLC

OVERVIEW

PRICE REDUCED MOTIVATED SELLER. Single tenant, triple net investment with Corporate Guaranty from FP Urgent Care, LLC. 12 year lease with five years remaining and two six year renewal options. Annual 1.25% base rent escalations throughout term and renewal options. 8.09% Cap Rate. Fast Pace Health provides convenient and affordable healthcare solutions in six states: Tennessee, Kentucky, Louisiana, Mississippi, Alabama, and Indiana. Today, there are 265 Fast Pace Health clinics experiencing over three million patient visits annually.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

8.09%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fast Pace Urgent Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

Commercial

APN/PARCEL ID

050P-A-009.07

ASK ABOUT THIS PROPERTY

Erich SchultzErich SchultzMore Info
541-419-0410

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Erich SchultzErich SchultzMore Info
541-419-0410

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