NVA Massanutten Animal Clinic - Penn Laird, Virginia
29 Titus Drive, Penn Laird, VA, 22846, US
¥645,660,000 | 821 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the single-tenant Fast Pace Health Urgent Care at 1231 Volunteer Parkway in Bristol, Tennessee (“Property” or “Asset”). The Property is operating on an absolute NNN lease with ±14.0 years of primary lease term remaining, 2.0% annual rent escalations and three, five-year options.
TN Broker of Record: Richard Reid - License #: 321591
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Attributes
Asking price
¥518,013,000
Cap rate
7%
NOI
¥36,257,000
WAULT
14 years
Building area net
334 sm
Year built
2024
Media
Investment highlights
- ±14 years of primary lease term on corporate NNN healthcare opportunity
- #1 most visited Fast Pace Health in Tennessee
- Strong 2.0% annual rent escalations
- #3 most visited Fast Pace Health in the U.S. out of 214 locations
- Fast Pace Health is a leading independent urgent care provider to rural communities
- Bristol is a well regarded city known as the birthplace of country music
- #1 largest urgent care provider in the Southeast
- Frontage along Volunteer Parkway, a key regional route with 23,000+ VPD
Contact brokers
Fast Pace Health - Bristol, TN (0 Properties)
