The Boulder Group recently completed the sale of a single-tenant Fast Pace Urgent Care at 4152 W. IN-56 in Hanover, Indiana, for more than $1.75 million.
The 2,700-square-foot urgent care facility benefits from its location near the signalized hard corner along East Lagrange Road (14,250 VPD), a primary thoroughfare. The property is positioned directly northwest of Hanover College, a liberal arts college founded in 1827 that has more than 1,100 students enrolled.
Retailers within the area include CVS Pharmacy, Dollar General, Express Storage, McDonald’s, Pizza Hut and Subway. There are 33,464 people living within 10 miles of the property with an average household income in excess of $60,000 annually.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a Midwest-based developer and the buyer was involved in a 1031 exchange.
The Fast Pace Urgent Care lease expires on Oct. 30, 2032, and features two six-year renewal options. The lease is also corporately guaranteed by FP Urgent Care, LLC.