The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Fast Pace Urgent Care located at 1778 East State Road 44 in Shelbyville, Indiana for $2,400,000.
The 3,700 square foot building is located along State Road 44 (25,046 VPD) which is a primary east – west thoroughfare for Shelbyville. The subject property is also within proximity to interstate 74 which carries 40,376 vehicles per day. There are several nationally recognized retailers that draw traffic to the area. Those of which include Walmart Supercenter, Kroger, Big Lots, ALDI, Chase Bank, Rural King, Walgreens, McDonald’s, Burger King, Starbucks, Dollar Tree, and several others. The new Fast Pace property has 28,583 people living within a seven mile radius. The average annual household income for the same seven-mile radius is $82,346. The new lease commenced in January 2023.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a Midwest based real estate partnership and the buyer was a Midwest based investor.
Fast Pace Urgent Care provides a wide range of services across 170+ locations in rural communities. They are currently operating in Tennessee, Kentucky and Mississippi with plans to continue their expansion.
“Urgent care facilities are allowing medical attention to be more accessible for individuals who reside in secondary markets” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Medical and service properties continue to be in demand for private and 1031 exchange buyers as they are resistant to e-commerce.”
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 $6 billion of single tenant net lease real estate transactions. From 2012-2021, 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. www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States