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Fast Pace Health Urgent Care 2731 Allison Bonnett Memorial Dr 6,984 SF 100% Leased Retail Building Hueytown, AL 35023 $4,145,000 ($593.50/SF) 6.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15 Yr. NNN Corp. Leases by Fast Pace Urgent Care - Strong Private Co. with Huge Growth
- Fast Growing Suburban Cities of Daphne, AL, Hueytown, AL and Paris, KY - Strong Demo’s ($105,917)
- Strong Private Company - 265+ Clinics - Dual Urgent Care/Physical Therapy - Fastest Growth in Southeast
- High Profile Locations within Dense Trade Areas - Surrounded by all Major Retail Traffic Generators
- The U.S. Urgent Care Market is One of Fastest Growing Segments - Nearly 29% All Primary Care Visits
- 10% Bumps every 5 Yrs. with Options - Brand New 2023 Prototypes - LL only Responsible for Structure
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to purchase a single tenant Fast Pace Health Urgent Care & Physical Therapy Concept in Hueytown, AL. Fast Pace Health operates over 250 clinics across 6 states and is dedicated to improving healthcare access through convenient and affordable care centers. The NNN lease has over 14 lease years remaining in the primary term, three 5-year option periods, 10% rent increases every 5 years, a corporate guarantee and minimal landlord responsibilities proving years of inflation resistant cash flows.
The 2022 built 6,984 SF building on 0.74-acre parcel is strategically positioned on the hard corner of Allison-Bonnett Memorial Drive (29,725 VPD) and Owen Circle. Nearby retailers include Walmart Supercenter, Publix, Piggly Wiggly, ALDI, Walgreens, CVS, Wells Fargo, Dollar Tree, Dollar General, McDonald’s, Taco Bell and KFC.
This is an excellent opportunity to own a long term NNN leased corporate guaranteed Fast Pace Health with 15 years in option periods, rent increases every 5 years and minimal landlord responsibilities providing investors with inflation resistant income for years to come.
The 2022 built 6,984 SF building on 0.74-acre parcel is strategically positioned on the hard corner of Allison-Bonnett Memorial Drive (29,725 VPD) and Owen Circle. Nearby retailers include Walmart Supercenter, Publix, Piggly Wiggly, ALDI, Walgreens, CVS, Wells Fargo, Dollar Tree, Dollar General, McDonald’s, Taco Bell and KFC.
This is an excellent opportunity to own a long term NNN leased corporate guaranteed Fast Pace Health with 15 years in option periods, rent increases every 5 years and minimal landlord responsibilities providing investors with inflation resistant income for years to come.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,984 SF
Building Class
B
Year Built
2022
Price
$4,145,000
Price Per SF
$593.50
Cap Rate
6.55%
NOI
$271,460
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.13 AC
Parking
46 Spaces (6.59 Spaces per 1,000 SF Leased)
Frontage
246’ on Allison-Bonnett Memorial
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 30-00-21-3-003-002.003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $431,820 |
PROPERTY TAXES
Parcel Number
30-00-21-3-003-002.003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$431,820
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Fast Pace Health Urgent Care | 2731 Allison Bonnett Memorial Dr
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