Property details

NNN Senior Housing Portfolio For Sale, Southeast Region

Property Description

NNN Senior Housing Portfolio For Sale

This is a Private, Confidential and Off-Market Offering.

This is 5 locations, also has 42 apartments.

All are single tenant, NNN leased.

There are two single tenants - both are willing to cut new 15-20 year NNN leases at closing.

8% CAP Rate.

Available for a new buyer who can show that they can perform and close.

These properties were recently tied up for a long period of time by a buyer who could not perform and close as agreed to.

A new buyer will need to move quickly.

Please request that we send you a draft Letter of Intent.

These properties are all NNN leases with no responsibilities.

The buyer receives the real estate, depreciation and receives checks for $159,300 monthly with no liabilities.

All leases are mostly 20 year leases.

This is an excellent opportunity for an all cash buyer who is not earning a good return elsewhere

With the depreciation and the Cap Rate of 8.00% the ROI is over 10%.

There is no exposure to operational issues. These are long term lease tenant who are quality tenants with over 40 years in Long Term Care.

There are annual COLA adjustments for all leases. For example, if the Libor goes up, 1.75%, then the rent goes up by 1.50%

Checks for $159,300 monthly ($1,911,600 annually) with COLA adjustments.

All properties are owned by the same owner

The properties are leased by 2 different entities

These properties will be delivered free and clear of any financing.

Note: These properties are located in tertiary markets and are older properties.

• 5 Southeast Assisted Living Facilities - All properties are located in one State.

• NNN Leases 15 - 20 years, with 5 year calls with Class A Lease Operators

• Long Leases. Leases expire in 2021, 2022, 2023, 2030 and 2030.

• This is potentially an amazing deal for a ready buyer who can act fast.

• This is a Triple A Deal with first class lessees.

• All Leases are in place

• 434 Licensed Beds

• 42 Senior Apartments

•  The Licenses to operate are in the names of the lessees so the owner of the real estate has no exposure or liability

Buyer is responsible for a 2.00% buy-side commission.






About the Tenant

Two strong regional tenants

Images

Request property package

Highlights

Status:
Available
Price:
$24,100,000
Cap Rate:
8.00%
Rent Increases:
Inquire
 

Property Information

Property Type:
Net Lease
Industry Type:
Senior Housing
Units/Spaces:
434
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
NNN Senior Housing Portfolio For Sale
Lease Type:
NNN
Lease Commencement:
08/24/2018
Lease Expiration:
08/24/2018
Lease Remaining:
20.0 years
Landlord Responsibilities:
None - NNN Absolute Triple Net
Options:
Inquire
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.