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Fast Pace Health - Lincoln 25 Bear Pky 3,762 SF Retail Building Lincoln, AL 35096 $2,595,000 ($689.79/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
- Less than 1 mile from the Honda Manufacturing of Alabama assembly plant, which cost approximately $3 billion and employs over 4,500 employees
- Area businesses include a new Piggly Wiggly grocery store behind the Fast Pace Urgent Care, along with City Hall, Regions Bank, and more.
- Strong net lease with 10% increases every 5 years with 3 x 5 year options at the end of the initial 15 years
- Lincoln is well located just to the north of I-20 and the area is better known for the NASCAR Talladega Superspeedway
EXECUTIVE SUMMARY
Fast Pace Health is an excellent tenant for the City of Lincoln, who recently signed a 15- year NN lease with 3 x 5 options, and 10% increases every 5 years. Fast Pace Health
has over 295 locations in 8 states and employs 2,495 healthcare providers and experts. The immediate area is best known for the NASCAR Talladega Superspeedway but another major employer is in the area is the Honda Manufacturing of Alabama plant, which cost approximately $3 billion, and has approximately 7,000 employees and associates on site every day. Lincoln has a growing residential population as well. Over 500 home sites have been approved in 2023 and 2024 for townhouses and free-standing homes, addressing the need for more workers in the area. Water/sewer upgrades are in process, along with paving projects, new parks, and a focus on attracting more industrial sites to the area.
has over 295 locations in 8 states and employs 2,495 healthcare providers and experts. The immediate area is best known for the NASCAR Talladega Superspeedway but another major employer is in the area is the Honda Manufacturing of Alabama plant, which cost approximately $3 billion, and has approximately 7,000 employees and associates on site every day. Lincoln has a growing residential population as well. Over 500 home sites have been approved in 2023 and 2024 for townhouses and free-standing homes, addressing the need for more workers in the area. Water/sewer upgrades are in process, along with paving projects, new parks, and a focus on attracting more industrial sites to the area.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,762 SF
Building Class
B
Year Built
2022
Price
$2,595,000
Price Per SF
$689.79
Cap Rate
6.55%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.55 AC
Parking
26 Spaces (6.91 Spaces per 1,000 SF Leased)
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 | 03-08-33-1-000-007.000 | Improvements Assessment | $929,240 |
| Land Assessment | $100,800 | Total Assessment | $1,030,040 |
PROPERTY TAXES
Parcel Number
03-08-33-1-000-007.000
Land Assessment
$100,800
Improvements Assessment
$929,240
Total Assessment
$1,030,040
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Fast Pace Health - Lincoln | 25 Bear Pky
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