Fast Pace Health - Jacksonville
Prime Urgent Care Retail | 6.55% CAP
Marketing description
This offering is a new build for Face Pace Health in Jacksonville, Alabama who recently signed a 15-year NN lease with 3 x 5 year options, and 10% increases every 5 years. Fast Pace Health has over 320+ locations in 8 states with 2,700 healthcare providers and experts.
The area is home to Jacksonville State University with 9000 students, and Face Pace Health is well located across the street from a Walmart Supercenter, a large regional medical center, a military armory, banks, restaurants, and more. The area supports over 64,000 people living within 10 miles and there are over 25,000 cars passing per day.
Jacksonville is well located nearly mid-point between Atlanta and Birmingham, north of Anniston off of I-20. The areas is also home to Fort McClellan, which had been one of the largest Army installations in the country. It is now a training facility for the Alabama National Guard with Officers Candidate School.
Investment highlights
- New construction with a medical tenant that has over 320+ locations in 8 states and continues to grow.
- Strong net lease with 10% increases every 5 years with 3 x 5 year options at the end of the initial 15 years.
- Across the street from a Walmart Supercenter, Jacksonville State University Regional Medical Center, Military Armory, banks, restaurants and more.
- Jacksonville State University is located approximately 2 miles to the north with 9,000 students and 500 staff.
- Traffic count of 25,176 cars passing per day and 64,000 people living within 10 miles of the Face Pace Health.
- The Walmart across the street has an impressive 2,320,000 visitors per year.
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