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.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
More info: www.bouldergroup.com
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html