25 Bear Pky - Freestanding FOR SALE


Lincoln, AL 35096
$2,677,000 USD
404-812-8927
25 Bear Pky, Lincoln, AL for Sale
$2,677,000 USD
Freestanding - FOR SALE
1/6
null | 6.35% Cap Rate

25 Bear Pky
Lincoln, AL 35096


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.
  • Less than 1 mile from the Honda Manufacturing of Alabama assembly plant, which cost approximately $3 billion and employs over 4,500 employees
  • 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
  • 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,

OVERVIEW

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 295 locations in 8 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.

FOR SALE DETAILS

PRICE

$2,677,000 USD

PRICE/SF

$763 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fast Pace Health - Lincoln

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

0308331000007008

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.