2731 Allison-Bonnett Memorial Dr Hueytown, AL 35023
- Retail properties
- 6,984 SF
- 0.74 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2731 Allison-Bonnett Memorial Dr
- Lot size
- 0.74 lot acres
- Property size
- 6,984 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 6,984 square foot, single-tenant, Fast Pace Health Urgent Care facility located in Hueytown, Alabama. The property, built in 2022, sits on a 0.74-acre lot at the hard corner of Allison-Bonnett Memorial Drive (29,725 vehicles per day) and Owen Circle, benefiting from high visibility and traffic. The building is currently 100% occupied under a Net Lease (NNN) agreement with a remaining lease term of 13.4 years, extending to March 31, 2038, with three 5-year option periods. The lease includes 10% rent increases every five years, providing inflation-resistant cash flow. The asking price is $4,145,000, representing a price per square foot of $593.50 and a 6.55% capitalization rate. The property's Net Operating Income (NOI) is $271,460. The property's location offers excellent access to major retailers including Walmart, Publix, and Walgreens, ensuring high foot traffic and strong market presence. The corporate guarantee minimizes landlord responsibilities, making this a low-maintenance, high-return investment. The property's address is 2731 Allison-Bonnett Memorial Dr, Hueytown, AL 35023, with the APN 30-00-21-3-003-002.003. This is a prime opportunity to acquire a stable, high-performing asset in a thriving market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hueytown
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.9677
- Latitude
- 33.4544
