Listed by JLL Chicago | Americas Headquarters, JLL Austin
$2,995,000
Fast Pace Health - Oneonta, AL
Details
Property Type Office, Retail
Sub Type Medical Office
Square Footage 2,740
Cap Rate 7.25%
NOI $217,122
Occupancy 100%
Tenancy Single
Brand/Tenant Fast Pace Health
Lease Type NNN
Lease Term 15.4
Lease Expiration 10/31/2039
Remaining Term 13.3
Rent Bumps Yes
Lease Options 3 X 5-Year Options
Price per SqFt $1,093
Year Built 2024
Acreage 0.920
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/24/2024
Office | 7.25% CAP | 2,740 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the single-tenant Fast Pace Health Urgent Care at 998 2nd Avenue in Oneonta, Alabama (“Property” or “Asset”). The Property is operating on an absolute NNN lease with ±13.6 years of primary lease term remaining, 2.0% annual rent escalations and three, five-year options.
AL Broker of Record: Buff Teague - License #: 000083353-0
Investment highlights
- ±14 years of primary lease term on corporate NNN healthcare opportunity
- Adjacent to Price Less Foods with $8.6 million in annual sales
- Strong 2.0% annual rent escalations
- Fast Pace Health is a leading independent urgent care provider to rural communities
- 35 miles northeast of Birmingham with 1.1 million residents
- #1 largest urgent care provider in the Southeast
- Just east of SR-75 / US-231 interchange with 29,000+ VPD
Listing Contacts
Listed by JLL Chicago | Americas Headquarters, JLL Austin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$217,122.00
$18,093.50/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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