March 14, 2025 – Zach Smith of Horvath & Tremblay has successfully completed the sale of Fast Pace Urgent Care in Daphne, Alabama. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,417,266.
Fast Pace Urgent Care is located at 9932 Spanish Fort Boulevard in Daphne, Alabama. The new construction Fast Pace Urgent Care consists of a 3,726 square foot building on a 0.60-acre parcel. Fast Pace Urgent Care has 14+ years remaining on their Modified Triple Net Lease (Landlord is responsible for structure only) with three (3), five-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each of the 5-year renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. The property is strategically situated adjacent to the signalized intersection of Spanish Fort Boulevard (US Highway 31) and Jimmy Faulkner Drive (AL Route 181), the area’s primary commercial and commuter corridors. Fast Pace Urgent Care is adjacent to Walgreens and is surrounded by national retailers and restaurants and shopping centers including the Eastern Shores Centre, anchored by Belk and Dillard’s, all of which drive traffic to the area. The Property enjoys convenient access to the area’s major roadways including US Routes 31 and 90, Interstate 10, and AL Route 181. Additionally, the Property is encircled by the area’s residential neighborhoods and is seconds from several area schools providing a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.