Fast Pace Health - Lincoln | 25 Bear Pky
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Fast Pace Health - Lincoln 25 Bear Pky
3,510 SF Retail Building Lincoln, AL 35096 £2,112,113 (£602/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.
- Less than 1 mile from the Honda Manufacturing of Alabama assembly plant, which cost approximately $3 billion and employs over 4,500 employees plus ano
- Area businesses include a new Piggly Wiggly grocery store behind the Fast Pace Urgent Care, along with City Hall, Regions Bank, First Bank of Alabama,
- Strong triple net lease with 10% increases every 5 years with 3 x 5 year options at the end of the initial 15 years.
- Lincoln is well located just to the north of I-20 and the area is better known for the NASCAR Talladega Superspeedway and is located 40 miles east of
Executive Summary
Fast Pace Health is an excellent tenant for the City of Lincoln, who recently signed a 15- year NNN lease with 3 x 5 options, and 10% increases every 5 years. Fast Pace Health has over 265 locations in 6 states and employs 2,495 healthcare providers and experts. The immediate area is best known for the NASCAR Talladega Superspeedway but another major employer is in the area is the Honda Manufacturing of Alabama plant, which cost approximately $3 billion, and has approximately 7,000 employees and associates on site every day.
Lincoln has a growing residential population as well. Over 500 home sites have been approved in 2023 and 2024 for townhouses and free-standing homes, addressing the need for more workers in the area. Water/sewer upgrades are in process, along with paving projects, new parks, and a focus on attracting more industrial sites to the area.
Lincoln has a growing residential population as well. Over 500 home sites have been approved in 2023 and 2024 for townhouses and free-standing homes, addressing the need for more workers in the area. Water/sewer upgrades are in process, along with paving projects, new parks, and a focus on attracting more industrial sites to the area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,510 SF
Building Class
B
Year Built
2022
Price
£2,112,113
Price Per SF
£602
Net Initial Yield
6.35%
NOI
£134,130
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
0.72 AC
Parking
26 Spaces (7.41 Spaces per 1,000 SF Leased)
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Elliott Kyle -
Chase Murphy -
Skyline Seven Real Estate
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Fast Pace Health - Lincoln | 25 Bear Pky
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