Fast Pace Health Investment
200 Letton Dr, Paris, KY 40361
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NNN leased Fast Pace Health in Paris, KY for sale.
Type:Retail
Property size:
3,726 SFLot size:
0.93 AcresPrice / SF:
$819/SF- Added:
- Feb 22, 2024
- Days on Market:
- 831
- Last Refresh:
- May 12 at 10:11 pm
Property Features for 200 Letton Dr
General Information
- Standard status
- Active
- Size
- 3,726 SF
- Lot size
- 0.93 Acres
- Property subtype
- Retail
Listing agent Eric Carlton License #CA 01809955
Listing office Colliers - Los Angeles - Orange County, California (949) 724-5552
Listing date Feb 22, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Los Angeles - Orange County, California
HighLights
- 15‑year primary NNN lease with corporate guarantee from Fast Pace Health, a company operating over 250 clinics.
- Located on a Walmart Supercenter outparcel at a hard corner signalized intersection with high traffic count (29,700 VPD).
- NNN lease structure provides minimal landlord responsibilities.
- 10% rent increases every 5 years offer inflation‑resistant cash flow.
- Three 5‑year option periods extend the potential lease term.
- Located near other retailers including Walmart Supercenter, Save A Lot, and Tractor Supply Co.
Overview
This is an opportunity to purchase a single-tenant Fast Pace Health Urgent Care property in Paris, Kentucky. Fast Pace Health operates over 250 clinics across 6 states. The property features a new NNN lease with a 15-year primary term and three 5-year option periods. The lease includes 10% rent increases every 5 years and a corporate guarantee. Landlord responsibilities are minimal. The building is 3,726 square feet and sits on a 0.93-acre outparcel of a Walmart Supercenter. It is strategically positioned on the hard corner signalized intersection of Lexington Road and Martin Luther King Blvd, with a combined traffic count exceeding 29,700 vehicles per day. Nearby retailers include Walmart Supercenter, Save A Lot, Tractor Supply Co., DaVita Dialysis, McDonald’s, and Taco Bell. The property is intended for commercial real estate use and offers potential for long-term, inflation-resistant income.
Location Intelligence
Current Use by Public Records
Fast Pace Health ...
Medical Clinic
Similar Places Nearby
- Walgreens — 103 Ash Dr, Paris, KY 40361
- CVS Pharmacy — 101 Lacy Ln, Paris, KY 40361, United States
- CVS — 101 Lacy Ln, Paris, KY 40361
- Walmart Pharmacy — 305 Letton Dr, Paris, KY 40361
- Latrice Strings — 103 Ash Dr, Paris, KY 403612256
Location Insight
- Map
- Local Demand
- City
- Paris
- County
- Bourbon
- State
- Kentucky
- Longitude
- -84.277622
- Latitude
- 38.197063
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FAQs
What type of property is this?
Drug store - NNN leased Fast Pace Health in Paris, KY for sale.
Where is this drug store located?
The property is located at 200 Letton Dr Paris, KY.
What is the asking price?
The asking price for this property is $3,055,000.
What are key features of this property?
This property features: 15‑year primary NNN lease with corporate guarantee from Fast Pace Health, a company operating over 250 clinics.; Located on a Walmart Supercenter outparcel at a hard corner signalized intersection with **high traffic count (29,700 VPD)**.; NNN lease structure provides minimal landlord responsibilities.
