Fast Pace Urgent Care | Mattress Warehouse — Sale in Pikeville, KY
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Pikeville, KY 41501
Photos
Investment Figures
- Cap rate
- 7.75%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
- Fast Pace Urgent Care & Mattress Warehouse two-tenant 8,500 SF center on 1.55 acres located in Pikeville, KY as an out-parcel to the #3 ranked Walmart Supercenter in the state of Kentucky with 3.4M visitors (per Placer.ai) - Long term Leases with rental escalations - Fast Pace Urgent Care Lease expires on 1/31/2035 and has 10% escalations every 5 years – Mattress Warehouse Lease expires on 10/31/2028 and has 10% escalations every 5 years - Corporate Guarantees - On July 20, 2022, Fast Pace Health announced it has partnered with First Care Clinics (original tenant) and will rebrand this location to Fast Pace - Fast Pace is one of the largest urgent care operators in the US with over 320 clinics throughout TN, KY, LA, MS, IN, NC, AR and AL – Mattress Warehouse (est. 1989) currently operate approximately 520+ locations nationwide - Mattress Warehouse, the leading independent mattress specialty retailer, acquired 176 additional store locations on May 1, 2025 (73 former Mattress Firm stores, 103 Sleep Outfitters stores, 7 distribution centers, and corporate offices in Lexington, KY) - Incredibly strong Placer.ai data - Walmart ranks in the 97th percentile nationally and 97th percentile in KY (#3 location in KY with 3.4M visitors) - Pikeville Commons (Hobby Lobby, Marshalls, Ross, Petco) ranks in the 83rd percentile nationally with 2.6M visitors - Food City ranks in the 789h percentile nationally with 818K visitors - Lowe’s ranks 88th percentile nationally and 85th percentile in KY with 893K visitors - Arby’s ranks in the 98th percentile nationally with 260K visitors and Burger King ranks in the 98th percentile nationally with 407K visitors - Applebee’s and Buffalo Wild Wings rank in the 92nd and 87th percentile nationally with 267K visitors and 288K visitors – Texas Roadhouse ranks in the 90th nationally with 584K visitors - High barrier to entry market - given the topography, it is challenging to develop in this region making this retail corridor highly desirable - Hi
Market Context
This retail in Pikeville, KY is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Pikeville, KY — view the full market.
Contact
- Brian Munn · (678) 808-2767 · brian.munn@marcusmillichap.com
- David Johnson · (678) 808-2739 · l.david.johnson@marcusmillichap.com
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