Fast Pace Health
Manchester, TN
Corporate Guarantee with Abs NNN long term lease
OVERVIEW
Target Net IRR
16%
Minimum Investment
$50,000
Target Equity Multiple
2.1x
Hold Period
5-6 years
What Makes Investing in Fast Pace Health a Compelling Choice
Financials
Purchase Price: $3,915K
Minimum Investment: $50K
Cap Rate: 7.75%
Target CoC Return: 9%
Target AAR: 19%
Target IRR: 16%
Property Details
Location: 1870 Hillsboro Blvd, Manchester, TN
SqFt: 6,000
Built in: 2024
Lot Size: 0.84 Acreage
Lease Details
Initial Term: 15 Years, starting from Jul 2024
Lease Type: NNN
Annual Rent Escalation: 2%
Option: Four 5-Years
Tenant Details
Tenant: Fast Pace Health (Backed by Revelstoke Capital Partners)
Number of Total Locations: 250+ in 6 states
Property Profile
Asset Class: Medical Office Building
Population: 15.5K in 3 miles radius
Households: 6.3K in 3 miles radius
Key Strength: Tenants industry is Internet and economic cycle resistant.