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Fast Pace Health - Jacksonville 1648 Pelham Rd S 3,726 SF Retail Building Jacksonville, AL 36265 $2,749,000 ($737.79/SF) 6.55% Cap Rate
INVESTMENT HIGHLIGHTS
- New construction with a medical tenant that has over 295 locations in 8 states and continues to grow
- Traffic count of 25,176 cars passing per day and 64,000 people living within 10 miles of the Face Pace Health
- Strong net lease with 10% increases every 5 years with 3 x 5 year options at the end of the initial 15 years
- The Walmart across the street has an impressive 2,200,000 visitors last year
EXECUTIVE SUMMARY
This offering is a new build for Face Pace Health in Jacksonville, Alabama who recently signed a 15-year NN lease with 3 x 5 year options, and 10% increases every 5 years.
Fast Pace Health has over 295 locations in 8 states with 2,495 healthcare providers and experts. The area is home to Jacksonville State University with 9000 students, and Face Pace Health is well located across the street from a Walmart Supercenter, a large regional medical center, a military armory, banks, restaurants, and more. The area supports over 64,000 people living within 10 miles and there are over 25,000 cars passing per day. Jacksonville is well located nearly mid-point between Atlanta and Birmingham, north of Anniston off of I-20. The areas is also home to Fort McClellan, which had been one of the largest Army installations in the country. It is now a training facility for the Alabama National Guard with Officers Candidate School.
Fast Pace Health has over 295 locations in 8 states with 2,495 healthcare providers and experts. The area is home to Jacksonville State University with 9000 students, and Face Pace Health is well located across the street from a Walmart Supercenter, a large regional medical center, a military armory, banks, restaurants, and more. The area supports over 64,000 people living within 10 miles and there are over 25,000 cars passing per day. Jacksonville is well located nearly mid-point between Atlanta and Birmingham, north of Anniston off of I-20. The areas is also home to Fort McClellan, which had been one of the largest Army installations in the country. It is now a training facility for the Alabama National Guard with Officers Candidate School.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,726 SF
Building Class
B
Year Built
2023
Price
$2,749,000
Price Per SF
$737.79
Cap Rate
6.55%
NOI
$180,060
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.73 AC
Frontage
181’ on Pelham Road South
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Fast Pace Health’s “patient first” mentality has guided its mission to provide convenient and compassionate care to the communities it serves. Since 2009, Fast Pace Health has grown from one clinic in Collinwood, TN to clinics throughout Tennessee, Kentucky and Mississippi, with plans for future expansion.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-07-26-0-002-043.007 | Improvements Assessment | $125,916 |
| Land Assessment | $37,940 | Total Assessment | $163,856 |
PROPERTY TAXES
Parcel Number
12-07-26-0-002-043.007
Land Assessment
$37,940
Improvements Assessment
$125,916
Total Assessment
$163,856
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Fast Pace Health - Jacksonville | 1648 Pelham Rd S
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