Investment Overview
This offering is a new build for Face Pace Health in Jacksonville, Alabama who recently signed a 15-year NN lease with 3 x 5 year options, and 10% increases every 5 years. Fast Pace Health has 295 locations in 8 states with 2,495 healthcare providers and experts.
Investment Highlights
- New construction with a medical tenant that has 295 locations in 8 states and continues to grow.
- Strong net lease with 10% increases every 5 years with 3 x 5 year options at the end of the initial 15 years.
- Across the street from a Walmart Supercenter, Jacksonville State University Regional Medical Center, Military Armory, banks, restaurants and more.
- Jacksonville State University is located approximately 2 miles to the north with 9,000 students and 500 staff.
- 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