1648 Pelham Rd S - Freestanding FOR SALE


Jacksonville, AL 36265
$2,749,000 USD
404-812-8927
1648 Pelham Rd S, Jacksonville, AL for Sale
$2,749,000 USD
Freestanding - FOR SALE
1/3
null | 6.55% Cap Rate

1648 Pelham Rd S
Jacksonville, AL 36265


HIGHLIGHTS

  • New construction with a medical tenant that has over 295 locations in 8 states and continues to grow
  • Strong triple net lease with 10% increases every 5 years with 3 x 5 year options at the end of the initial 15 years
  • 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 2,200,000 visitors last year

OVERVIEW

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 295 locations in 8 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.

FOR SALE DETAILS

PRICE

$2,749,000 USD

PRICE/SF

$738 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

-

APN/PARCEL ID

12-07-26-0-002-043.013

ASK ABOUT THIS PROPERTY

Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

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Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.