Fast Pace Health - Jacksonville | 1648 Pelham Rd S
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Fast Pace Health - Jacksonville 1648 Pelham Rd S
3,279 SF 100% Leased Retail Building Jacksonville, AL 36265 £2,239,639 (£683/SF) 6.35% Net Initial Yield
Investment Highlights
- New construction with a medical tenant that has over 265 locations in 6 states and continues to grow.
- Traffic count of 25,176 cars passing per day and 64,000 people living within 10 miles of the Face Pace Health.
- Jacksonville State University is located approximately 2 miles to the north with 9,000 students and 500 staff.
- Strong triple 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.
- The Walmart across the street has an impressive 2,200,000 visitors last year.
Executive Summary
This offering is a new build for Face Pace Health in Jacksonville, Alabama who recently signed a 15-year NNN lease with 3 x 5 year options, and 10% increases every 5 years. Fast Pace Health has over 265 locations in 6 states with 2,495 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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,279 SF
Building Class
B
Year Built
2023
Price
£2,239,639
Price Per SF
£683
Net Initial Yield
6.35%
NOI
£142,202
Percent Leased
100%
Number of Floors
1
Building FAR
0.13
Land Acres
0.57 AC
PROPERTY TAXES
| Parcel Number | 12-07-26-0-002-043.013 | Improvements Assessment | £77,083 |
| Land Assessment | £18,581 | Total Assessment | £95,664 |
PROPERTY TAXES
Parcel Number
12-07-26-0-002-043.013
Land Assessment
£18,581
Improvements Assessment
£77,083
Total Assessment
£95,664
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Elliott Kyle -
Chase Murphy -
Skyline Seven Real Estate
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Fast Pace Health - Jacksonville | 1648 Pelham Rd S
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