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104 1st Ave S 3,600 SF Retail Building Collinwood, TN 38450 $1,629,701 CAD ($452.69 CAD/SF) 7.50% Cap Rate



Executive Summary
AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to offer the opportunity to acquire the fee simple interest of Fast Pace
Health Urgent Care in Collinwood, TN.
This offering presents the opportunity to acquire a 3,600 SF single-tenant urgent care facility built in 2019 and situated on a 0.61-acre parcel along 1st
Avenue South in Collinwood, Tennessee. The property is located along Tennessee State Route 13, the primary corridor through downtown Collinwood
near its interchange with the Natchez Trace Parkway, and holds particular significance as a market with deep roots for the tenant — Collinwood is
the town where Fast-Paced Health opened its first-ever clinic in 2009, and the company has continuously operated in the community ever since, with
the current 3,600 SF facility constructed in 2019 as a build-to-suit replacement.
The asset is 100% leased to Fast Pace Health, a leading rural healthcare provider across the Southeast and Midwest, operating under a 12-year
NNN lease with approximately 4.7 years remaining on the primary term and two (6-year) renewal options. Landlord retains responsibility for roof,
structure, parking lot resurfacing and capital expenditures, while Tenant is responsible for interior maintenance, HVAC, and reimbursement of taxes
and insurance — a low-management ownership profile.
The property is positioned along 1st Avenue South in the heart of downtown Collinwood, near Collinwood Hardware and other long-standing local
businesses, and serves as an established healthcare anchor for Wayne County and the surrounding rural, tri-state trade area near the Alabama and
Mississippi borders.
Fast Pace Health is a Tennessee-based healthcare provider operating a network of 300+ urgent care, primary care, and specialty clinics across
eight states in the Southeast and Midwest. Founded in 2009 in Collinwood, TN and headquartered in Franklin, TN, the company delivers convenient
outpatient medical services to rural and underserved communities, including urgent care, primary care, behavioral health, dermatology, orthopedics,
and telehealth. The platform is supported by private equity firm Revelstoke Capital Partners, a Denver-based, healthcare-focused private equity firm
with over $6 billion in assets under management, which has helped accelerate the brand’s growth since 2018.
Health Urgent Care in Collinwood, TN.
This offering presents the opportunity to acquire a 3,600 SF single-tenant urgent care facility built in 2019 and situated on a 0.61-acre parcel along 1st
Avenue South in Collinwood, Tennessee. The property is located along Tennessee State Route 13, the primary corridor through downtown Collinwood
near its interchange with the Natchez Trace Parkway, and holds particular significance as a market with deep roots for the tenant — Collinwood is
the town where Fast-Paced Health opened its first-ever clinic in 2009, and the company has continuously operated in the community ever since, with
the current 3,600 SF facility constructed in 2019 as a build-to-suit replacement.
The asset is 100% leased to Fast Pace Health, a leading rural healthcare provider across the Southeast and Midwest, operating under a 12-year
NNN lease with approximately 4.7 years remaining on the primary term and two (6-year) renewal options. Landlord retains responsibility for roof,
structure, parking lot resurfacing and capital expenditures, while Tenant is responsible for interior maintenance, HVAC, and reimbursement of taxes
and insurance — a low-management ownership profile.
The property is positioned along 1st Avenue South in the heart of downtown Collinwood, near Collinwood Hardware and other long-standing local
businesses, and serves as an established healthcare anchor for Wayne County and the surrounding rural, tri-state trade area near the Alabama and
Mississippi borders.
Fast Pace Health is a Tennessee-based healthcare provider operating a network of 300+ urgent care, primary care, and specialty clinics across
eight states in the Southeast and Midwest. Founded in 2009 in Collinwood, TN and headquartered in Franklin, TN, the company delivers convenient
outpatient medical services to rural and underserved communities, including urgent care, primary care, behavioral health, dermatology, orthopedics,
and telehealth. The platform is supported by private equity firm Revelstoke Capital Partners, a Denver-based, healthcare-focused private equity firm
with over $6 billion in assets under management, which has helped accelerate the brand’s growth since 2018.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,600 SF
Building Class
B
Year Built
2019
Price
$1,629,701 CAD
Price Per SF
$452.69 CAD
Cap Rate
7.50%
NOI
$122,281 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.61 AC
Zoning
C-2 - General Commercial
Parking
29 Spaces (8.06 Spaces per 1,000 SF Leased)
Frontage
557’ on Tennessee 13
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 137M-C-019.00 | Improvements Assessment | $291,225 CAD |
| Land Assessment | $21,821 CAD | Total Assessment | $313,046 CAD |
Property Taxes
Parcel Number
137M-C-019.00
Land Assessment
$21,821 CAD
Improvements Assessment
$291,225 CAD
Total Assessment
$313,046 CAD
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104 1st Ave S
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