Fast Pace Health Urgent Care

2731 Allison-Bonnett Memorial Drive, Hueytown, AL 35023

$4,145,000

Cap Rate 6.55%

Views: 103 DOM: 242 Updated: 10.25.24 Posted: 03.17.24 Status: Active

Summary

Price $4,145,000	Built/Renov 2022	Tenant Fast Pace Health Urgent Care
Cap Rate 6.55%	Lease Type NN+	Guarantor Corporate
Size/SF 6,984	Lease Start 11-17-2022	#Units 250
Price/SF $593.50	Expiration 03-31-2038	Tenant Type Medical/Health
NOI $271,460	R. Term 13.4	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

Lease Highlights

The tenant has 13+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 5% rental increases 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

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Links

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

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Fast Pace Health Urgent Care
Guarantor:Corporate
Company:FP UC Holdings, Inc
# Units:250
Stock:Private

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

Eric Carlton

Colliers NNN Group

Contact

180 Listings
23076 Views
61 Sold

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
21494 Views
57 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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