For Sale
$4,145,000

2731 Allison-Bonnett Memorial DrHueytown, AL 35023

Fast Pace Health, NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 6,984 square foot, single-tenant, Fast Pace Health Urgent Care facility located in Hueytown, Alabama. The property, built in 2022, sits on a 0.74-acre lot at the hard corner of Allison-Bonnett Memorial Drive (29,725 vehicles per day) and Owen Circle, benefiting from high visibility and traffic. The building is currently 100% occupied under a Net Lease (NNN) agreement with a remaining lease term of 13.4 years, extending to March 31, 2038, with three 5-year option periods. The lease includes 10% rent increases every five years, providing inflation-resistant cash flow. The asking price is $4,145,000, representing a price per square foot of $593.50 and a 6.55% capitalization rate. The property's Net Operating Income (NOI) is $271,460. The property's location offers excellent access to major retailers including Walmart, Publix, and Walgreens, ensuring high foot traffic and strong market presence. The corporate guarantee minimizes landlord responsibilities, making this a low-maintenance, high-return investment. The property's address is 2731 Allison-Bonnett Memorial Dr, Hueytown, AL 35023, with the APN 30-00-21-3-003-002.003. This is a prime opportunity to acquire a stable, high-performing asset in a thriving market.

Highlights

  • Brand new 15-year, triple-net (NNN) corporate leases with Fast Pace Urgent Care, a rapidly expanding private company.
  • High-visibility locations in densely populated retail areas with significant traffic.
  • Located in the rapidly growing suburban markets of Daphne, AL, Hueytown, AL, and Paris, KY, boasting strong demographics ($105,917 average household income).
  • Investment in a rapidly expanding sector: the U.S. urgent care market, representing nearly 29% of all primary care visits.
  • Fast Pace Urgent Care: a strong private company operating 265+ clinics offering urgent care and physical therapy services, experiencing the fastest growth in the Southeast.
  • Leases include 10% rent increases every 5 years, with options; 2023 prototype buildings; landlord responsible only for building structure.

Property Details for 2731 Allison-Bonnett Memorial Dr

Property type
Retail properties, Retail space
Square Feet
6,984 SF
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Hueytown
County
Jefferson
State
Alabama
Latitude
33.4544217
Longitude
-86.9677077
2731 Allison-Bonnett Memorial Dr, Hueytown, Alabama

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2731 Allison-Bonnett Memorial Dr
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