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Fast Pace Health Urgent Care

2731 Allison-Bonnett Memorial Drive, Hueytown, AL 35023

$4,274,961

Cap Rate 6.35%

Views: 16 DOM: 61 Updated: 04.25.24 Posted: 03.17.24 Status: Active

Summary

Price $4,274,961
Built/Renov 2022
Tenant Fast Pace Health Urgent Care
Cap Rate 6.35%
Lease Type NN+
Guarantor Corporate
Size/SF 6,984
Lease Start 11-17-2022
#Units 250
Price/SF $612.11
Expiration 03-31-2038
Tenant Type Medical/Health
NOI $271,460
R. Term 13.10
Ownership Fee Simple
Rent/SF $38.87
Increases 10.0%/5/yrs
Pop 5Mi 82,600
Lot/AC 0.74
Options 3/5yrs/10%
AHHI 5Mi $60,005

Eric Carlton
Colliers NNN Group
Contact

Jereme Snyder
Colliers NNN Group
Contact

Lease Highlights

  • Fast Pace Health Urgent Care has 14 years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and 10% at the start of each option period
  • Favorable NN+ lease with landlord responsible for structure only
  • Corporate guaranteed lease

Location Description

Fast Pace Health Urgent Care is strategically located at the hard corner intersection of Allison-Bonnett Memorial Drive and Owen Circle, with access to a combined daily traffic count of 29,725 vehicles. The property is surrounded by well-known tenants, including Walmart Supercenter, Publix, Piggly Wiggly, ALDI, Walgreens, CVS, and more. The 5-mile trade area is supported by a population of...

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Key Features

  • New construction

  • Hard corner intersection

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Freeway close

  • Top 100 MSA

  • Long 10+ yr lease

  • Corporate Guarantee

  • Over 100 Units backed

    • ...

Links

Fast Pace Health Urgent Care Wikipedia Hueytown, Alabama Zip Code 35023 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Fast Pace Health Urgent Care is a leading provider of outpatient healthcare services to rural communities. The company offers a wide variety of medical services in underserved communities,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,869 34,445 79,978
2023 Total Population : 2,929 35,057 80,967
2023 Employed Civilian Pop : 1,397 15,906 35,209
2023 Total Businesses : 215 865 2,128
2023 Average Household Income : $ 72,449 $ 65,449 $ 59,956
2023 Total Consumer Spending : $ 72 M $ 798 M $ 1729 M
2023 Median Age : 46 43 41
2023 Total Households : 1,144 13,967 32,946
2023 Pop Age 25+: Bachelor's Degree : 322 3,799 7,450
2023 Average Home Value : $ 183,577 $ 197,865 $ 189,354
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Allison-Bonnett Memorial Drive Wheeler Dr 2014 19,270 0.23 mi
Allison-Bonnett Memorial Drive Old Warrior River Rd 2019 25,728 0.30 mi
Allison-Bonnett Memorial Dr Pleasant Grove Rd 2001 28,200 0.40 mi
Red Farmer Drive Broad St 2021 7,179 0.44 mi
Allison-Bonnett Memorial Drive Wheeler Dr 2020 27,925 0.49 mi
Allison-Bonnett Memorial Drive Branch St 2021 27,925 0.49 mi
Allison-Bonnett Memorial Drive 1st Ave 2019 29,725 0.49 mi
Pleasant Grove Road Hoke Ave 2021 6,494 0.51 mi
Allison-Bonnett Memorial Drive Wheeler Dr 2014 25,850 0.58 mi
Allison-Bonnett Memorial Dr Mabelon Ct 2001 19,800 0.63 mi

Listing Broker

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