Fast Pace Health Urgent Care

25 Bear Parkway, Lincoln, AL 35096

$2,677,000

Cap Rate 6.35%

Views: 59 DOM: 154 Updated: 10.14.24 Posted: 08.21.24 Status: Active

Summary

Price $2,677,000	Built/Renov 2022	Tenant Fast Pace Health Urgent Care
Cap Rate 6.35%	Lease Type NN+	Guarantor Corporate
Size/SF 3,726	Lease Start 11-21-2022	#Units 261
Price/SF $718.46	Expiration 03-31-2038	Tenant Type Medical/Health
NOI $170,000	R. Term 13.2	Ownership Fee Simple
Rent/SF $45.63	Increases 10.0%/5/yrs	Pop 5Mi 9,881
Lot/AC 0.72	Options 3/5yrs/10%	AHHI 5Mi $79,580

Chase Murphy

Skyline Seven Real Estate

Contact

Lease Highlights

Fast Pace Health Urgent Care has 13+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental increases throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for structure only
Corporate guaranteed lease

Location Description

Fast Pace Health Urgent Care is strategically located on Bear Parkway, with access to 10,738 vehicles passing by daily. The property is positioned in front of a new Piggly Wiggly grocery store and is near City Hall, Regions Bank, First Bank of Alabama, Metro Bank, and more. Additionally, it is less than 1 mile from the Honda Manufacturing of Alabama assembly plant, a major local employer. The...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee
Over 100 Units backed

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Links

Fast Pace Health Urgent Care Wikipedia Lincoln, Alabama Zip Code 35096 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:261
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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Listing Broker

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