Net Leased Fast Pace Health Sold

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Fast Pace Health located at 3082 Kirby Whitten Road in Bartlett, Tennessee for $2,696,296.

The 3,700 square foot Fast Pace facility benefits from its position along Kirby Whitten Road which experiences 28,300+ vehicles per day. The property is placed in a large cluster of nationally recognized retailers including Kroger, ALDI, Goodwill, Chick-Fil-A, Starbucks, Walgreens, Five Guys, McAlister’s Deli, AutoZone, Valvoline, Taco Bell, and several others. All of which drive a continual pattern of traffic through the corridor. There are over 167,500 people living within a 5-mile radius of Fast Pace. The average household income of the 5-mile population is $88,046. Furthermore, the property is less than 10 minutes west of Saint Francis Hospital-Bartlett, a 156-Bed full service medical facility.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a private real estate investor, and the buyer was in a 1031 exchange.

There are over 14 years remaining on the primary lease term. Construction was completed in late 2023. Fast Pace operates 235+ healthcare centers across Tennessee, Kentucky, Louisiana, Mississippi, and Indiana. Each Fast Pace clinic features multiple exam rooms, on-site lab testing, and x-ray capabilities.

“New construction properties with long term leases to e-commerce resistant tenants are the most sought-after net lease product” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman of The Boulder Group, added, “Net lease transactions continue garner significant interest in tax-free states such as Tennessee.”

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