The Boulder Group Arranges Sale of a Net Leased Fast Pace Health Property in La Porte, Indiana

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Fast Pace Health urgent care property located at 1320 W State Rd 2 in La Porte, Indiana for $2,965,000. The 3,726-square-foot building was constructed in 2023 specifically for Fast Pace Health and sits on a 0.93-acre parcel in La Porte, Indiana.
The Fast Pace Health property at 1320 W State Rd 2 in La Porte, Indiana is positioned along State Road 2, a primary east-west corridor that connects La Porte to South Bend, Indiana. State Road 2 carries approximately 13,850 vehicles per day past the property. The building is situated on a shopping center outparcel anchored by Rural King and Dunham's Sports. Neighboring retailers along the State Road 2 corridor in La Porte include Walgreens, Ace Hardware, Advance Auto Parts, Burger King, Dollar General, Biggby Coffee, CVS, Dollar Tree, and Arby's. La Porte High School, which enrolls more than 1,800 students, is located in close proximity to the property. Northwest Health La Porte, an 84-bed hospital, and the Franciscan Physician Health Center are both situated nearby, reinforcing the medical corridor demand in La Porte. The population within one mile of the property is approximately 9,825 residents. Over 25,950 people reside within three miles of the Fast Pace Health location in La Porte. The population within five miles exceeds 33,200 residents. The average household income within five miles is $94,332. La Porte, Indiana serves as the county seat of LaPorte County and has a population of approximately 21,500 residents. The city benefits from convenient access to major highways and a diversified economy anchored by manufacturing, healthcare, retail, and service sectors. La Porte's unemployment rate of approximately 4.3% is below the national average.

Randy Blankstein, Jimmy Goodman and John Feeney of The Boulder Group represented the seller in the transaction. The seller was a real estate investment firm based in the south. The buyer was an investor completing a 1031 exchange.

The Fast Pace Health lease is a triple net lease with landlord responsibilities limited to structure only. The lease commenced on January 9, 2024 and expires on May 31, 2039, leaving approximately 13 years of remaining term. The tenant has three 5-year renewal options following the primary lease term. Rental escalations of 10% occur every five years throughout the primary term and option periods, providing built-in income growth for the investor. The lease is guaranteed by the Fast Pace Health corporate entity. The triple net lease structure results in minimal landlord management responsibilities.

Fast Pace Health is a privately held healthcare company headquartered in Waynesboro, Tennessee. Founded in 2009 with a single clinic in Collinwood, Tennessee, the company has expanded to operate more than 250 healthcare centers across Tennessee, Kentucky, Louisiana, Mississippi, Alabama, and Indiana. Fast Pace Health provides a broad range of medical services to underserved rural communities, including urgent care, primary care, orthopedic services, behavioral health, dermatology, and telehealth. Each Fast Pace Health clinic is equipped with multiple exam rooms, on-site laboratory testing, and x-ray capabilities. The company is focused on delivering accessible and affordable healthcare to populations that may be uninsured, underinsured, or utilizing government insurance programs. Fast Pace Health clinics are staffed by local healthcare professionals and actively support their communities.

"Investor demand for net leased medical properties continues to strengthen as buyers seek e-commerce resistant assets with essential service tenants," said Randy Blankstein, President of The Boulder Group. "Urgent care facilities like Fast Pace Health benefit from recurring patient demand and are increasingly favored by passive net lease investors." Jimmy Goodman, Partner of The Boulder Group, added, "This Fast Pace Health property attracted significant interest due to its 2023 construction, corporate-guaranteed lease, and prominent positioning along State Road 2 in La Porte, Indiana with nearly 14,000 vehicles per day." John Feeney, Senior Vice President of The Boulder Group, noted, "The buyer was motivated to acquire this property as part of a 1031 exchange, capitalizing on the long-term lease with 10% rental escalations every five years and the minimal management responsibilities associated with the triple net lease structure."

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 $11 billion of single tenant net lease real estate transactions. From 2013-2025, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both CoStar and MSCI Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.

www.bouldergroup.com [https://www.bouldergroup.com/]

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