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Fast Pace Health Urgent Care 9932 Spanish Fort Blvd

3,726 SF 4-Star Retail Building Spanish Fort, AL 36527 $3,635,810 CAD ($976 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 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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,726 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
$3,635,810 CAD
Price Per SF
$976 CAD
Cap Rate
6.55%
NOI
$238,135 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.60 AC
Zoning
C1 - Commercial and Retail
Parking
6.71 Spaces per 1,000 SF Leased

Amenities

  • Signage
  • Air Conditioning

Nearby Major Retailers

Waffle House
The First Bank
Publix
Olive Garden
Newk's Eatery
PNC Bank
Cracker Barrel Old Country Store
Logan's Roadhouse
Regions Bank
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
32-08-27-0-000-002.252
Land Assessment
$120,782 CAD
Improvements Assessment
$4,922 CAD
Total Assessment
$125,704 CAD
  • Listing ID: 31023745

  • Date on Market: 2024-02-22

  • Last Updated:

  • Address: 9932 Spanish Fort Blvd, Spanish Fort, AL 36527

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