Fast Pace Health Urgent Care

1648 Pelham Road South, Jacksonville, AL 36265

$2,835,000

Cap Rate 6.35%

Views: 54 DOM: 122 Updated: 10.14.24 Posted: 08.21.24 Status: Active

Summary

Price $2,835,000	Built/Renov 2023	Tenant Fast Pace Health Urgent Care
Cap Rate 6.35%	Lease Type NN+	Guarantor Corporate
Size/SF 3,726	Lease Start 08-14-2023	#Units 261
Price/SF $760.87	Expiration 12-31-2038	Tenant Type Medical/Health
NOI $180,000	R. Term 14.0	Ownership Fee Simple
Rent/SF $48.31	Increases 10.0%/5/yrs	Pop 5Mi 25,094
Lot/AC 0.57	Options 3/5yrs/10%	AHHI 5Mi $64,998

Chase Murphy

Skyline Seven Real Estate

Contact

Lease Highlights

New 2023 construction
Fast Pace Health Urgent Care has 14+ 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 Pelham Road South, with access to 25,176 vehicles passing by daily. The property is positioned across from a Walmart Supercenter, which attracted an impressive 2.2 million visitors last year. It is also near Jacksonville State University Regional Medical Center, a military armory, banks, and various restaurants. The immediate area...

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Key Features

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

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Links

Fast Pace Health Urgent Care Wikipedia Jacksonville, Alabama Zip Code 36265 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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