The Boulder Group is pleased to exclusively market for sale a single tenant net leased Fast Pace Health property located in Mobile, Alabama. The property was constructed in 2023 specifically for Fast Pace and features a 15-year lease that expires in April 2039. The lease is triple net with landlord responsibilities limited to structure only. Additionally, there are 10% rental escalations every five years throughout the primary term and three 5-year options. The lease is guaranteed by the Fast Pace corporate entity.
The 3,726 square-foot building benefits from its position along Cottage Hill Road which experiences over 20,500 vehicles per day. The asset also benefits from its proximity to a longstanding Walmart Supercenter that draws continual traffic through the corridor. Other retailers that occupy the corridor include a new construction Publix, Walgreens, Goodwill, Whataburger, McDonald’s, Advance Auto Parts, Regions Bank, and several others. There are over 95,900 people living within a five-mile radius of the asset. Additionally, the surrounding population within a three-mile radius earns a six-figure average household income of $114,068. Mobile, the third-largest city in Alabama, is a key economic hub, benefiting from its strategic location on the Mobile River, which flows into Mobile Bay and the Gulf of Mexico.
Fast Pace Urgent Care embraces the belief that residents of America’s rural communities— many of whom are uninsured, underinsured, using Medicare or Medicaid — not only need but deserve accessible and quality healthcare. The mission is to improve the health of the communities we serve by offering a wide variety of medical services in underserved communities, including urgent care, primary care, orthopedic services, behavioral health, dermatology, and telehealth. Each Fast Pace Health clinic features multiple exam rooms, on-site lab testing, and x-ray capabilities. Fast Pace began in 2009 with one clinic in Collinwood, TN, and has since grown to a network of 250+ healthcare centers in Tennessee, Kentucky, Louisiana, Mississippi, and Indiana.