Fast Pace Health Urgent Care
3,726 SF | 4-Star Retail Building | Spanish Fort, AL 36527 | $2,645,669 ($710/SF) | 6.35% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,645,669
- Property Type
-
Retail
- Square Feet
- 3,726 SF
- Price / Square Foot
- $710
Listing Contacts
Eric Carlton
Verified Profile
Jereme Snyder
Verified Profile
Joe Sandner
Verified Profile
- Property Info
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 in Daphne, 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 new NNN lease has over 14.5 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 3,726 SF building on a 0.60-acre parcel is strategically positioned on the hard corner signalized intersection of Spanish Fort Blvd (Highway 31) and State Route 181 (Jimmy Faulkner Drive) which have a combined traffic count exceeding 42,000 VPD. The subject property is within a mile from numerous retail attractions including Eastern Shores Centre, a 620,000+ SF regional mall and Eastern Shores Plaza, a 340,000 SF power center. A few of these retailers include Best Buy, Dillard’s, Ashley Home Store, World Market, PetSmart, Michaels, Walgreens, CVS, McDonald’s, Starbucks, Chick-fil-A, Taco Bell, Popeyes, Wendy’s and more.
This is an excellent opportunity to own a new 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 3,726 SF building on a 0.60-acre parcel is strategically positioned on the hard corner signalized intersection of Spanish Fort Blvd (Highway 31) and State Route 181 (Jimmy Faulkner Drive) which have a combined traffic count exceeding 42,000 VPD. The subject property is within a mile from numerous retail attractions including Eastern Shores Centre, a 620,000+ SF regional mall and Eastern Shores Plaza, a 340,000 SF power center. A few of these retailers include Best Buy, Dillard’s, Ashley Home Store, World Market, PetSmart, Michaels, Walgreens, CVS, McDonald’s, Starbucks, Chick-fil-A, Taco Bell, Popeyes, Wendy’s and more.
This is an excellent opportunity to own a new 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
- A
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 26,136 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
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].