502 Ellington Dr, Lafayette, TN 37083

3,600 SF | Office Building | Lafayette, TN 37083 | $1,620,500 ($450/SF) | 6.90% Cap Rate

Asking Price $1,620,500

Property Type
Office
Square Feet
3,600 SF
Price / Square Foot
$450

Listing Contacts

Erich Schultz

Property Overview

Price Reduced $100,000. Fast Pace opened its first clinic in Collinwood, TN in 2009. Fast Pace Health is dedicated to improving healthcare access through convenient and affordable solutions in the communities it serves. Currently locations exist 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.
Fast Pace Health is more than just urgent care. Their services include primary care, orthopedics, dermatology, behavioral health, physical therapy, and telehealth.
Fast Pace Health recently completed an investment in First Care Clinics. The combination results in a multi-specialty provider of rural healthcare and value-based care population health management services.
Fast Pace Health and Calcasieu Urgent Care, two of the nation’s top affordable urgent care providers, recently formed a partnership resulting in one of the largest urgent care providers in the United States. Fast Pace Health acts as the overarching brand for the
two companies.

Property Details

Class
B
Year Built
2018
Stories
1
Property Subtype
Medical
Lot Size (sq. ft)
28,314 SF

Highlights

  • Price reduced $100,000! Low price investment property. Perfect for 1031 exchange
  • Great location between Walgreens and the US Postal Service office
  • Single tenant NNN lease with Tenant responsible for the Property and Premises other than structure
  • Annual Rent Increases: 1.25%
  • Renewal Options: Two 6 year options
  • Corporate Guaranty from FP Urgent Care, LLC

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