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Fast Pace Urgent Care 508 US 61 3,600 SF 4-Star Retail Building Natchez, MS 39120 $2,535,826 CAD ($704.40 CAD/SF) 7% Cap Rate



Investment Highlights
- Zero landlord maintenance or expense responsibilities, providing a truly passive investment
- Three, 5-year renewal options extend the potential lease term well beyond the initial 15-year term
- Corporate guaranty from one of the top national urgent care operating companies successfully running over 320 clinics across the southeast
- 10% rental increases every five years deliver structured, inflation-hedged income growth
- 15-year original lease term with approximately 10 years of remaining term as of rent commencement in December 2021
Executive Summary
A 2021-built medical asset featuring 10 years of remaining term, 10% rental increases every five years, and zero landlord maintenance or expense responsibilities within an active retail corridor.
This medical asset offers an absolute NNN lease structure with zero landlord maintenance or expense responsibilities, 10 years of remaining term, and scheduled 10% rental increases every five years. The asset is positioned within the Beechwood development, an active mixed-use corridor attracting new commercial projects.
The Beechwood development project is a growing commercial node currently attracting several new projects in various stages of development. Most notably, a new Medicaid and Medicare facility is scheduled to break ground on an adjacent site, reinforcing the corridor’s long-term relevance as a healthcare and retail destination.
This medical asset offers an absolute NNN lease structure with zero landlord maintenance or expense responsibilities, 10 years of remaining term, and scheduled 10% rental increases every five years. The asset is positioned within the Beechwood development, an active mixed-use corridor attracting new commercial projects.
The Beechwood development project is a growing commercial node currently attracting several new projects in various stages of development. Most notably, a new Medicaid and Medicare facility is scheduled to break ground on an adjacent site, reinforcing the corridor’s long-term relevance as a healthcare and retail destination.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,600 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2021
Price
$2,535,826 CAD
Price Per SF
$704.40 CAD
Cap Rate
7%
NOI
$177,537 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.65 AC
Parking
25 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
170’ on U.S. 61
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 5
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Fast Pace Urgent Care | 508 US 61
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