829 W Main Street Woodbury, TN 37190
$1,664,486
For Sale
Details
- StatusFor Sale
- Price$1,664,486
- Cap Rate6.5%
- TenantsFast Pace Health
- Lease TypeNNN
- Building Size3,600 SF
- Lot Size0.70 Acres
- NOI$108,192
Documents
Property Description
Fast Pace Health Investment Opportunity in Woodbury, TN
Discover a prime investment opportunity with Fast Pace Health located at 829 W Main Street, Woodbury, TN. This 3,600 square foot facility, built in 2019, offers a long-term 15-year triple net (NNN) lease with over 7 years remaining. The lease includes a corporate guarantee from FP UC Holdings, LLC, ensuring stable returns and minimal landlord responsibilities.
Lease Details and Financials
This property features a net operating income (NOI) of $108,192, resulting in a 6.50 percent cap rate. Annual rent increases of 1.25 percent begin in year three, providing steady income growth. The lease has three 5-year renewal options, enhancing the long-term investment appeal.
Strategic Location
Woodbury is part of the Nashville Metropolitan Statistical Area (MSA), located 55 miles southeast of Nashville. The area has strong demographics, with an average household income of $61,998 within a 5-mile radius. Woodbury’s economy benefits from its proximity to major employers in Murfreesboro, including Nissan Motor Manufacturing and Amazon Fulfillment Center. Moreover, Woodbury offers a slower pace of life with activities like antique shopping, live shows, and various festivals, making it an attractive place for residents.
Growing and Reliable Tenant
Fast Pace Health is a reputable provider of urgent care and other medical services. They operate over 235 clinics across six states, including Tennessee. Their services include urgent care, primary care, orthopedic services, behavioral health, dermatology, and telehealth. Fast Pace Health continues to grow, supported by Revelstoke Capital Partners and CRG, ensuring the tenant’s stability and expansion.
Investment Highlights
- 7+ years remaining on NNN lease
- Corporate guarantee from FP UC Holdings, LLC
- Located in an income tax-free state
- Ideal 1031 exchange opportunity
- Strong local demographics and economic growth
Conclusion
This Fast Pace Health investment in Woodbury, TN, offers a secure and profitable opportunity with a growing and reliable tenant. Contact us today to learn more about this exceptional property.
Brian Brockman – Broker – License #: 343847 – Bang Realty-Tennessee Inc – bor@bangrealty.com – 513-898-1551
Contact
Tucker Massura
Net Leased Investment Advisor - Healthcare
DRE 02192155
Request more information.