Current Use by Public Records
- Office Spaces
Property Details for 25 Bear Pkwy
- Year built
- 2022
- Lot size
- 0.72 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a brand-new, Class A medical office building in Lincoln, Alabama. The property, totaling 3,726 square feet, is 100% occupied by Fast Pace Health under a triple-net (NNN) lease with a remaining term of 13.4 years. The lease commenced November 20, 2022, and expires March 30, 2038, with three five-year renewal options. Rent increases of 10% are built into the lease every five years, providing strong future income growth. The property boasts a 6.35% cap rate and a net operating income (NOI) of $170,000, with an asking price of $2,677,000 ($718.46 per square foot). Situated on a 0.723-acre lot, the single-story building was constructed in 2022. The property's strategic location is less than a mile from the Honda Manufacturing of Alabama plant and benefits from Lincoln's growing residential population and ongoing infrastructure improvements. This is a compelling investment in a thriving medical office sector, offering long-term stability and significant upside potential. The property is located at 25 Bear Pkwy, Lincoln, AL 35096.
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Location Insight
- Map
- Local Demand
- City
- Lincoln
- County
- Talladega
- State
- Alabama
- Longitude
- -86.1162
- Latitude
- 33.6044
