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301 Versailles Rd
Frankfort, KY 40601
First Care · Office Property For Sale


Investment Highlights
- Strategic Location: Strategically located within Frankfort's dominant retail corridor, directly across from Kroger anchored shopping center and Save-A
- Strong Visibility & Accessibility: Excellent frontage along Versailles Road with ±30,600 vehicles per day, complemented by convenient access to I-64,
- The Paddocks of Frankfort: Located near The Paddocks of Frankfort, a $150+ million mixed-use development currently under construction and the largest
- Strong Demographics: More than 86,408+ residents with an average household income of $101,961+ reside within a 10-mile radius, complemented by a dayti
Executive Summary
Matthews Real Estate Investment Services™ presents a rare healthcare investment opportunity featuring a corporately guaranteed Fast Pace Urgent Care at 301 Versailles Rd, Frankfort, Kentucky's capital.
The clinic successfully operated as a First Care location prior to Fast Pace Health's acquisition in 2022 and was strategically retained and integrated into Fast Pace's 320+ location platform. Unlike a traditional urgent care clinic, this location provides Urgent Care, Primary Care, Behavioral Health, and Dermatology services, broadening its patient base and creating multiple avenues for recurring healthcare demand.
Supported by more than 1,200 Google reviews, the clinic has established a strong reputation within the community and demonstrated exceptional patient engagement.
From a real estate perspective, the property is positioned within Frankfort's premier retail corridor, directly across from Kroger- and Save-A-Lot-anchored shopping centers and surrounded by national retailers. The site benefits from exceptional visibility along Versailles Road, convenient access to Interstate 64, and serves over 86,408+ residents with an average household income of $101,961+ within a 10-mile radius.
Adding to the property's long-term outlook is The Paddocks of Frankfort, a $150+ million mixed-use development currently under construction and the largest development in the history of Frankfort and Franklin County. Upon completion, the project will feature Kentucky's largest Target and numerous national retailers, further strengthen the area's retail draw and economic growth.
The clinic successfully operated as a First Care location prior to Fast Pace Health's acquisition in 2022 and was strategically retained and integrated into Fast Pace's 320+ location platform. Unlike a traditional urgent care clinic, this location provides Urgent Care, Primary Care, Behavioral Health, and Dermatology services, broadening its patient base and creating multiple avenues for recurring healthcare demand.
Supported by more than 1,200 Google reviews, the clinic has established a strong reputation within the community and demonstrated exceptional patient engagement.
From a real estate perspective, the property is positioned within Frankfort's premier retail corridor, directly across from Kroger- and Save-A-Lot-anchored shopping centers and surrounded by national retailers. The site benefits from exceptional visibility along Versailles Road, convenient access to Interstate 64, and serves over 86,408+ residents with an average household income of $101,961+ within a 10-mile radius.
Adding to the property's long-term outlook is The Paddocks of Frankfort, a $150+ million mixed-use development currently under construction and the largest development in the history of Frankfort and Franklin County. Upon completion, the project will feature Kentucky's largest Target and numerous national retailers, further strengthen the area's retail draw and economic growth.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
4,253 SF
Building Class
C
Year Built
2016
Price
$4,127,199 CAD
Price Per SF
$970.42 CAD
Cap Rate
6.75%
NOI
$278,586 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,253 SF
Building FAR
0.18
Lot Size
0.54 AC
Zoning
CH
Parking
8 Spaces
Property Taxes
| Parcel Number | 085-22-03-039.00 | Improvements Assessment | $3,108,085 CAD |
| Land Assessment | $351,750 CAD | Total Assessment | $3,459,835 CAD |
Property Taxes
Parcel Number
085-22-03-039.00
Land Assessment
$351,750 CAD
Improvements Assessment
$3,108,085 CAD
Total Assessment
$3,459,835 CAD
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