669 Mckenzie St Foley, AL 36535-1969

This exceptional investment opportunity presents a brand-new, 3,600-square-foot retail property in Foley, Alabama, currently leased to Fast Pace Health, a leading national urgent care provider. The property, constructed in 2024, boasts a Class A designation and a highly desirable Net Lease (NNN) structure, minimizing landlord responsibilities. The 15-year lease commenced January 1, 2025, and includes annual rent bumps of 2%, ensuring consistent income growth. The tenant, Fast Pace Health, provides a strong corporate guarantee, mitigating risk. The property generates a substantial Net Operating Income (NOI) of $227,000 annually, translating to a compelling 7.25% capitalization rate. The strategic location on a busy thoroughfare with an average daily traffic count of 34,945, coupled with proximity to major national retailers like Publix, Walmart, and Tanger Outlets, ensures high visibility and strong foot traffic. The lease further includes three 5-year renewal options, each with a 2% annual rent increase, providing long-term stability and significant return on investment. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market. The property's occupancy date was December 30, 2024, and the asking price is $3,131,034.