2731 Allison Bonnett Memorial Dr, Hueytown, AL 35023

6,984 SF | 4-Star Retail Building | Hueytown, AL 35023 | $4,145,000 ($593/SF) | 6.55% Cap Rate

For Sale

Active

7 pictures

Asking Price $4,145,000

Property Type: Retail
Square Feet: 6,984 SF
Price / Square Foot: $593

Listing Contacts

Eric Carlton

Jereme Snyder

Joe Sandner

Property Overview

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.

Property Details

Class: B
Year Built: 2022
Stories: 1
Property Subtype: Storefront Retail/Office
Lot Size (sq. ft): 33,977 SF

Highlights

Brand New 15 Yr. NNN Corp. Leases by Fast Pace Urgent Care - Strong Private Co. with Huge Growth
High Profile Locations within Dense Trade Areas - Surrounded by all Major Retail Traffic Generators
Fast Growing Suburban Cities of Daphne, AL, Hueytown, AL and Paris, KY - Strong Demo’s ($105,917)
The U.S. Urgent Care Market is One of Fastest Growing Segments - Nearly 29% All Primary Care Visits
Strong Private Company - 265+ Clinics - Dual Urgent Care/Physical Therapy - Fastest Growth in Southeast
10% Bumps every 5 Yrs. with Options - Brand New 2023 Prototypes - LL only Responsible for Structure

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