600 James M Campbell BlvdColumbia, TN 38401

Property Details for 600 James M Campbell Blvd

Year built

2022

Lot size

0.63 AC

Property size (Sq ft)

4,070 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 4,070 square foot restaurant building in Columbia, Tennessee, currently leased to Fast Pace Health under a 15.4-year Net Lease agreement (NN+). The lease commenced April 24, 2023, and features a substantial remaining term of 13.8 years, providing long-term stability and predictable cash flow. The property boasts a strong 6.50% cap rate and a substantial Net Operating Income (NOI) of $285,403. Rent increases are built in, with a 2% annual bump throughout the base term and three 5-year renewal options. The tenant, Fast Pace Health, is a large and rapidly growing urgent care provider with over 265 locations, providing a corporate guarantee for added security. Situated on a 0.63-acre lot with 38 parking spaces, the property enjoys excellent visibility and access, located on a major retail corridor with 35,891 vehicles passing daily. The surrounding area is densely populated, with 54,200 residents within the primary trade area, boasting an average household income of $85,703. The property benefits from its proximity to major employers, including Maury Regional Medical Center, and numerous national retailers such as Walmart, Chick-fil-A, Lowe's, Starbucks, and Chipotle. Built in 2022 and renovated in 2023, this fee-simple property offers a compelling investment opportunity with significant long-term growth potential in a thriving market. The property is located at 600 James M Campbell Blvd S, Columbia, TN 38401. The building is 100% occupied since April 24, 2023.

Location Insight

City

Columbia

County

Maury

State

Tennessee

Latitude

35.5932

Longitude

-87.0514

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