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Fast Pace Health Urgent Care 2731 Allison Bonnett Memorial Dr

6,984 SF 4-Star Retail Building Hueytown, AL 35023 $5,875,413 CAD ($841 CAD/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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,984 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$5,875,413 CAD
Price Per SF
$841 CAD
Cap Rate
6.55%
NOI
$384,786 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.78 AC
Zoning
Warehouse - Warehouse, Distribution
Parking
34 Spaces (4.87 Spaces per 1,000 SF Leased)
Frontage
190 ft on Allison-Bonnett Memorial

Amenities

  • Air Conditioning

Nearby Major Retailers

Wells Fargo Bank
Fitness 1440
Huddle House
Waffle House
Woodforest National Bank
ALDI
Publix
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-00-21-3-003-002.003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$602,238 CAD
  • Listing ID: 31023625

  • Date on Market: 2024-02-22

  • Last Updated:

  • Address: 2731 Allison Bonnett Memorial Dr, Hueytown, AL 35023

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