October 29, 2021 – Jack Laurendeau of Horvath & Tremblay has successfully completed the sale of Fast Pace Urgent Care in Richland, Mississippi. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,161,932.
Fast Pace Urgent Care is located at 901 US Highway 49 in Richland, Mississippi. The property features a 2,700 square foot, new construction medical building on a 0.39-acre lot. The building was built in 2021 for Fast Pace Urgent Care on a brand new, 15-Year Double Net lease (the landlord is solely responsible for the structure). The lease calls for 10% rent increases every 5 years through the base term and the option periods; the lease has three (3), 5-Year renewal options with the increases at the beginning of each period. The property is extremely well located on US Highway 49, the one of the area’s primary commercial corridors with excellent traffic counts in excess of 51,000 vehicles per day. The property benefits from outstanding visibility and frontage, is across the street from a Walmart Supercenter. Other national retailers drawing traffic to the area include CVS, Wendy’s, Whataburger, Burger King, Kroger, Popeye’s, Dollar Tree, Sonic, Autozone, Dollar General, Taco Bell, Regions Bank, and any others.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.