Listed by JLL Chicago | Americas Headquarters, JLL Austin
$3,111,000
Fast Pace Health - Calera, AL
Details
Property Type Office, Retail
Sub Type Medical Office
Square Footage 3,600
Cap Rate 7%
NOI $217,770
Occupancy 100%
Tenancy Single
Brand/Tenant Fast Pace Health
Lease Type NNN
Lease Term 15.4
Lease Expiration 10/31/2039
Remaining Term 13.4
Rent Bumps Yes
Lease Options 3 X 5-Year Options
Price per SqFt $864
Year Built 2024
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/17/2024
Office | 7.00% CAP | 3,600 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 332 Marketplace Circle in Calera, 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
- Outparcel to Publix with $40+ million in annual sales
- Strong 2.0% annual rent escalations
- Outparcel to Calera Crossing shopping center with 1.3M visits annually
- Fast Pace Health is a leading independent urgent care provider to rural communities
- Calera is one of Alabama’s fastest growing cities with 1,700+ new homes planned in 2026
- #1 largest urgent care provider in the Southeast
- Frontage on AL Hwy 70 just north of I-65/US Hwy 231 interchange with 89K 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
$217,770.00
$18,147.50/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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