361 Chelsea XrdsChelsea, AL 35043

Property Details for 361 Chelsea Xrds

Year built

2024

Lot size

0.88 AC

Property size (Sq ft)

5,921 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a brand-new, 5,921 square foot medical office building in Chelsea, Alabama, boasting a 14.9-year remaining lease term with Fast Pace Health, a major urgent care provider with over 265 locations. The property features a corporate-guaranteed, triple-net (NNN) lease with attractive 2% annual rent bumps throughout the base term and three, five-year renewal options, ensuring consistent income growth. The building, constructed in 2024, is situated on a 0.88-acre lot and includes 38 parking spaces. Located in a high-growth area with an average household income of $152,977, the property benefits from excellent visibility and access, positioned as an outparcel to a Publix-anchored center with other national tenants like Mavis Tire, Bojangles, and RaceTrac, experiencing 34,146 vehicles per day. The property's strong financial performance is highlighted by a 6.75% cap rate and a net operating income (NOI) of $320,000. This is a fee-simple ownership opportunity with 100% occupancy since May 20, 2024, and a lease expiration date of September 30, 2039. The property's location along Highway 280 provides convenient access to Birmingham, further enhancing its investment appeal. The building is a dual-service facility offering urgent care and physical therapy treatments. The Chelsea location serves a primary trade area of 58,849 residents, within a rapidly growing city, only 20 miles from downtown Birmingham. This is a rare opportunity to acquire a high-quality, stabilized net lease investment with a strong tenant and significant upside potential.

Location Insight

City

Chelsea

County

Shelby

State

Alabama

Latitude

33.3519

Longitude

-86.608

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