2451 Diberville Dr N - Freestanding FOR SALE


Mobile, AL 36695
$3,259,267 USD
847-562-8500
2451 Diberville Dr N, Mobile, AL for Sale
$3,259,267 USD
Freestanding - FOR SALE
1/3
null | 6.55% Cap Rate

2451 Diberville Dr N
Mobile, AL 36695


HIGHLIGHTS

  • Mobile is the 3rd largest city in Alabama & is a key economic hub
  • 2023 construction
  • NNN lease – minimal landlord responsibilities (no roof exposure)
  • 95,900+ people live within a five-mile radius
  • Proximity to a variety of retailers including a new construction Publix, Walmart Supercenter, Walgreens, Goodwill, Whataburger, McDonald’s, & Several
  • Six figure average household income within three miles ($114,068)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,259,267 USD

PRICE/SF

$875 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fast Pace Health

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

34-01-02-0-001-046

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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