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Single-Tenant Office Medical

Fast Pace Urgent Care

3265 US-90, Gautier, MS 39553

Listing Price: $1,452,805

Cap Rate
7.00%
Tenant Name
Fast Pace Urgent Care
Years Remaining On Lease
6.1
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Double Net
Rent Per Square Feet
$28.25

Investment Overview

SUPERIOR TENANT- FAST PACE URGENT CARE (FPMCM, LLC)
-Corporate Guarantee from FPMCM, LLC
*FPMCM, LLC currently is a top 5 Urgent Care brand with approximately 300 locations over 8 states (TN, KY, LA, MS, IN, AL, NC & AR)
*FPMCM, LLC currently serves over 3 million patients per year
*In 2022, Fast Pace partnered with First Care Clinics to expand its clinical footprint and increase access to care for underserved rural populations
-Per Placer.ai, this location ranks in the 62nd percentile in U.S., and 76th percentile in MS with 28.2K visitors the past 12 months

STRONG RETAIL LOCATION AND DEMOGRAPHICS
-Located across from the new Gautier Town Commons Development
*Gautier Town Commons will be a new 32-acre vibrant community space development that will include Belk, an 8,000-seat amphitheater known as “The Sound”, the Mississippi Songwriters Hall of Fame Performing Arts Center (10,000 SF, two stories), commercial shops and restaurants, a new city hall, multi-family/condo units, hospitality, walkable streets & green space, pickleball courts, dog park, and a 10,800 SF Inclusion playground (the largest of its kind in Mississippi)
-Main retail hub of Gautier
*Located across the street from Lowe’s Home Improvement and near O’Reilly Auto Parts, AutoZone, Family Dollar, Murphy USA, Grease Monkey, Sonic, Gautier High School (870 +/- students), Gautier City Hall, and the Gautier Municipal Court
Approximately 30 miles East of Gulfport/Biloxi
*Gulfport/Biloxi is the 3rd largest city in Mississippi and is home to the U.S. Navy Atlantic Fleet Seabees- employs more than 4,400 active-duty personnel
*Home to dozens of casinos which generate millions of dollars and visitors annually
-Average Household Income is over $81,000 in the 1-mile radius and over $84,000 within 5 miles with a traffic count of over 25,000 cars/day in front of the subject property

FAVORABLE LEASE TERMS AND CONSTRUCTION
-Approximately 6 years remaining with three (3), five (5) year options to extend
-Annual increases of 1.25% during the primary term
-Conservative rent of $28/SF
-All brick construction built in 2019 on approximately .93 acres

Investment Highlights

  • Corporate Guarantee from FPMCM, LLC
  • Per Placer.ai, this location ranks in the 62nd percentile in U.S., and 76th percentile in MS with 28.2K visitors the past 12 months
  • Located across from the new Gautier Town Commons Development

Broker of Record

  • Mickey Davis

    Director Investments

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Single-Tenant Office Medical

Fast Pace Urgent Care

Listing Price: $1,452,805

Cap Rate
7.00%
Tenant Name
Fast Pace Urgent Care
Years Remaining On Lease
6.1
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Double Net
Rent Per Square Feet
$28.25

Investment Highlights

  • Corporate Guarantee from FPMCM, LLC
  • Per Placer.ai, this location ranks in the 62nd percentile in U.S., and 76th percentile in MS with 28.2K visitors the past 12 months
  • Located across from the new Gautier Town Commons Development

Investment Overview

SUPERIOR TENANT- FAST PACE URGENT CARE (FPMCM, LLC) -Corporate Guarantee from FPMCM, LLC *FPMCM, LLC currently is a top 5 Urgent Care brand with approximately 300 locations over 8 states (TN, KY, LA, MS, IN, AL, NC & AR) *FPMCM, LLC currently serves over 3 million patients per year *In 2022, Fast Pace partnered with First Care Clinics to expand its clinical footprint and increase access to care for underserved rural populations -Per Placer.ai, this location ranks in the 62nd percentile in U.S., and 76th percentile in MS with 28.2K visitors the past 12 months STRONG RETAIL LOCATION AND DEMOGRAPHICS -Located across from the new Gautier Town Commons Development *Gautier Town Commons will be a new 32-acre vibrant community space development that will include Belk, an 8,000-seat amphitheater known as “The Sound”, the Mississippi Songwriters Hall of Fame Performing Arts Center (10,000 SF, two stories), commercial shops and restaurants, a new city hall, multi-family/condo units, hospitality, walkable streets & green space, pickleball courts, dog park, and a 10,800 SF Inclusion playground (the largest of its kind in Mississippi) -Main retail hub of Gautier *Located across the street from Lowe’s Home Improvement and near O’Reilly Auto Parts, AutoZone, Family Dollar, Murphy USA, Grease Monkey, Sonic, Gautier High School (870 +/- students), Gautier City Hall, and the Gautier Municipal Court Approximately 30 miles East of Gulfport/Biloxi *Gulfport/Biloxi is the 3rd largest city in Mississippi and is home to the U.S. Navy Atlantic Fleet Seabees- employs more than 4,400 active-duty personnel *Home to dozens of casinos which generate millions of dollars and visitors annually -Average Household Income is over $81,000 in the 1-mile radius and over $84,000 within 5 miles with a traffic count of over 25,000 cars/day in front of the subject property FAVORABLE LEASE TERMS AND CONSTRUCTION -Approximately 6 years remaining with three (3), five (5) year options to extend -Annual increases of 1.25% during the primary term -Conservative rent of $28/SF -All brick construction built in 2019 on approximately .93 acres

Broker of Record

  • Mickey Davis

    Director Investments

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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