August 1, 2024 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of a Fast Pace Urgent Care in Shepherdsville, Kentucky. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,860,000.
Fast Pace Urgent Care is located at 340 KY Highway 44 East in Shephersdville, Kentucky. Constructed in 2019, the Fast Pace Urgent Care consists of a 4,050 square foot building on a 1.15-acre parcel. Fast Pace Urgent Care has 10 years remaining on their Triple Net Lease with four (4), five-year renewal options. The Lease calls for attractive rent increases of 10% every five years throughout the primary term and option periods. The property is strategically situated along KY Highway 44 E, one of the area’s primary commercial and commuter corridors. Fast Pace Urgent Care is shadow anchored by a Kroger and is surrounded by prominent national retailers and restaurants, all of which drive traffic to the area. The Property enjoys convenient access to the area’s major roadways including Interstate 65 and KY Routes 61 and 480. Additionally, the Property is encircled by the area’s residential neighborhoods, is seconds from several area schools, and within 3-miles of several large industrial and distribution centers, all of which provide a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.