Looking to buy a Fast Pace Urgent Care NNN property? 22 are observed for sale across 6 states, median asking cap rate 7.00%. View Fast Pace Urgent Care NNN properties for sale, cap rate bands and the 1031 buyer guide.
| Metric | Details |
|---|---|
| Company | Fast Pace Health, Tennessee (company mailing address in Franklin); privately held |
| S&P / Moody’s | no verified rating / no verified rating |
| Investment grade status | Not Yet Verified |
| Clinics | 288 locations in Tennessee, Kentucky, Mississippi, Louisiana, Alabama, Indiana, North Carolina and Arkansas, per its locations page (October 4, 2026) |
| Private equity investor | Revelstoke Capital Partners, which completed an investment in Fast Pace in August 2016, when it was a Shore Capital Partners portfolio company; Revelstoke’s site says it invested in an affiliate of Fast Pace Health (accessed October 2026) |
| Median asking cap rate | See the live table below |
Fast Pace Urgent Care: no confirmed agency rating. No rating for Fast Pace Urgent Care has been verified against a primary source (an agency rating action or an issuer filing), so none is shown. If a rating is verified, it will appear here. Ratings checked October 8, 2026. See the investment grade credit tenant ratings table.
Fast Pace Health Business Overview
Fast Pace Health operates walk-in urgent care and primary care clinics and describes its focus as underserved rural communities. Its locations page listed 288 locations in eight states on October 4, 2026: Tennessee (129), Kentucky (38), Mississippi (35), Louisiana (26), Alabama (22), Indiana (18), North Carolina (12) and Arkansas (8).
Clinics are run by state-level operating entities. According to the company, clinics in Tennessee, Indiana and Alabama are generally operated by Fast Pace Medical Clinic, PLLC; in Kentucky and North Carolina by Fast Pace Kentucky, PLLC; in Mississippi and Arkansas by Fast Pace Mississippi, PLLC; and in Louisiana by Calcasieu Urgent Care, LLC. That matters for a landlord, because the lease may be signed by one of these entities rather than the parent.
Fast Pace Health Credit Profile
Our ratings database holds no verified agency rating for Fast Pace Health, and as a privately held company it has no public financial statements that we found, so there is no verified investment grade rating to rely on. Revelstoke Capital Partners completed an investment in the company, then a Shore Capital Partners portfolio company, in August 2016. Buyers rely on the lease guarantor, the clinic’s performance and the real estate, and should ask what financial information the tenant can provide.
Ratings come from our tenant ratings database, which is checked against agency actions and company filings on a schedule; the source line below shows when it was last checked. A rating at or above BBB‑/Baa3 is investment grade; see the investment grade guide.
Source: No agency rating has been verified against a primary source. Ratings checked October 8, 2026.
Fast Pace Health NNN Cap Rates
Live asking cap rates for Fast Pace Health and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| Heartland Dental | B / n/a | 5.35% | 5.25% to 6.25% | 61 | +11 bps |
| Aspen Dental | B- / n/a | 6.25% | 5.83% to 6.35% | 11 | +101 bps |
| Concentra | BB / n/a | 6.57% | 6.26% to 6.85% | 6 | +133 bps |
| DaVita | BB / n/a | 6.75% | 6.15% to 7.30% | 37 | +151 bps |
| Fast Pace Urgent Care | n/a / n/a | 7.00% | 6.25% to 7.25% | 21 | +176 bps |
| WellNow Urgent Care (rated entity: ADMI Corp / The Aspen Group) | B- / n/a | 7.40% | 7.30% to 7.63% | 4 | +216 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 12, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file.
The live table shows a median for Fast Pace only when at least three of its active listings have a published asking cap rate, and a small number of new listings can move a median. Compare a property with other healthcare tenants and with recent Fast Pace sales.
What to Check in a Fast Pace Health Lease
- Tenant and guarantor: whether the lease is signed by a local operating entity or by the parent company, and whether the parent guarantees it.
- Term and rent: remaining term, renewal options and the rent schedule; rent increases vary by lease.
- Medical build-out: who paid for the improvements and how much of the space would suit another medical or retail user.
- Clinic performance: ask for location-level volume or financial information where the tenant will share it.
- Reimbursement exposure: how much revenue depends on Medicare, Medicaid and commercial insurers.
Pros and Cons
| Strengths | Considerations |
|---|---|
| 288 locations in eight states (company locations page, October 4, 2026) | No verified agency rating and no public financial statements found |
| Company describes its mission as care for rural communities that are often overlooked | Leases may be signed by state operating entities rather than the parent |
| Clinic buildings may suit other medical or retail users; check the build-out | Exposure to reimbursement rates and payer mix |
Frequently Asked Questions
Is Fast Pace Health investment grade?
There is no verified investment grade rating to rely on. Fast Pace Health is privately held, and our ratings database holds no verified rating for it from S&P, Moody’s or Fitch.
In which states does Fast Pace operate?
Its locations page lists clinics in Tennessee, Mississippi, Kentucky, Indiana, Louisiana, Alabama, North Carolina and Arkansas.
Who signs a Fast Pace lease?
It depends on the property. Clinics are operated by state-level entities such as Fast Pace Medical Clinic, PLLC and Fast Pace Kentucky, PLLC. Confirm the tenant entity and whether the parent guarantees the lease.
Sources: Fast Pace Health locations page and operating-entity disclosure (fastpacehealth.com), accessed October 2026; Revelstoke Capital Partners release “Revelstoke Capital Partners Completes Investment in Fast Pace Urgent Care” (August 23, 2016) and its Fast Pace Health investment page (revelstokecapital.com), accessed October 2026.
When the buyer owns the building, a cost segregation study may reclassify part of the purchase price, such as site improvements and some building systems and equipment, into 5-, 7- or 15-year property. That property can qualify for 100% bonus depreciation under Internal Revenue Code section 168(k) if acquired and placed in service after January 19, 2025 (IRS Notice 2026‑11). How much qualifies varies widely by property and must be supported by an engineering-based study. On a ground lease the investor owns only land, which cannot be depreciated, and equipment owned by the tenant is not the landlord’s to depreciate. Bonus depreciation is generally recaptured as ordinary income on a taxable sale (Internal Revenue Code sections 1245 and 1250); a 1031 exchange can defer it, subject to the limits in sections 1245(b)(4) and 1250(d)(4). This is general information, not tax advice; consult a tax professional. Medical buildouts can include specialized systems that may qualify for shorter lives, but medical equipment may be owned by the tenant; confirm in the lease. See the Medical NNN Depreciation Guide.
Related: Gas Station Bonus Depreciation
Fast Pace Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Fast Pace properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
Fast Pace Urgent Care NNN Properties Observed For Sale
22 active Fast Pace Urgent Care net lease listings observed across public listing sources, most recently Oct 9, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Natchez, MS | $1,809,417 | 7.00% | 3,600 | n/a | View listing |
| Tupelo, MS | $3,134,742 | 6.25% | 3,600 | n/a | View listing |
| Biloxi, MS | $2,405,033 | 6.00% | 3,726 | n/a | View listing |
| Mountain Home, AR | $3,133,214 | 7.25% | 2,280 | 13.0 yrs | View listing |
| Greenbrier, AR | $2,712,608 | 8.00% | 2,740 | n/a | View listing |
| Paris, KY | $3,055,000 | 6.55% | 3,726 | 12.7 yrs | View listing |
| Mt. Washington, KY | $1,450,000 | 8.41% | n/a | n/a | View listing |
| Frankfort, KY | $2,933,333 | 6.75% | 4,253 | n/a | View listing |
Search all 22 observed Fast Pace Urgent Care listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
