Fast Pace Health Urgent Care

9932 Spanish Fort Blvd, Daphne, AL 36527

$2,565,000

Cap Rate 6.55%

Views: 249 DOM: 279 Updated: 11.15.24 Posted: 03.17.24 Status: Active

Summary

Price $2,565,000	Built/Renov 2023	Tenant Fast Pace Health Urgent Care
Cap Rate 6.55%	Lease Type NN+	Guarantor Corporate
Size/SF 3,762	Lease Start 04-20-2023	#Units 250
Price/SF $681.82	Expiration 08-31-2038	Tenant Type Medical/Health
NOI $168,000	R. Term 13.8	Ownership Fee Simple
Rent/SF $44.66	Increases 10.0%/5/yrs	Pop 5Mi 43,534
Lot/AC 0.60	Options 3/5yrs/10%	AHHI 5Mi $105,917

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 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 signalized, hard corner intersection of Spanish Fort Blvd (Highway 31) and State Route 181 (Jimmy Faulkner Drive), with access to a combined daily traffic count of 42,000 vehicles. Additionally, the property is within one mile of various retail centers such as Eastern Shores Centre, a regional mall, and Eastern Shores Plaza, a power...

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Key Features

Signalized intersection
Hard corner intersection
Build to suit
Dense retail corridor
Near major nationals
Affluent AHHI $100K 5 Mi
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee
Over 100 Units backed

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Links

Fast Pace Health Urgent Care Wikipedia Daphne, Alabama Zip Code 36527 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 :	4,288	22,501	44,161
2023 Total Population :	4,109	21,742	41,636
2023 Employed Civilian Pop :	1,936	11,192	21,595
2023 Total Businesses :	159	919	1,580
2023 Average Household Income :	$ 110,228	$ 103,309	$ 106,165
2023 Total Consumer Spending :	$ 150 M	$ 778 M	$ 1508 M
2023 Median Age :	50	44	42
2023 Total Households :	1,608	8,808	16,573
2023 Pop Age 25+: Bachelor's Degree :	865	4,386	7,949
2023 Average Home Value :	$ 329,722	$ 302,207	$ 333,679

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Spanish Fort Blvd	Ember Ln	2002	10,660	0.31 mi
State Rte 225	Spaniel Dr	2020	10,006	0.56 mi
AL 225	Blakeley Forest Blvd	2021	10,006	0.56 mi
Blakeley Way	Clark Ln	2021	2,470	0.59 mi
Spanish Fort Boulevard	Confederate Dr S	2021	22,665	0.70 mi
Spanish Fort Boulevard	Spanish Fort Blvd	2019	23,705	0.73 mi
Spanish Fort Boulevard		2014	10,640	0.78 mi
Old Spanish Trail	Patrician Dr W	2021	16,989	0.98 mi
Spanish Main	Bull Run Rd	2021	3,282	0.99 mi
Spanish Main	Rebel Rd	2020	3,282	0.99 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

180 Listings
25393 Views
63 Sold

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
23611 Views
59 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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