Property details

Nursing Homes For Sale, Southwest Region

Property Description

Nursing Homes For sale

• Rare to see Nursing Homes with a VA-Government Guarantee for sale

•  No cancellations available n the lease unlike other nursing homes with VA as the tenant

•  NNN Lease with Seller Overlay Guarantee on the nursing homes for sale

•  Annual CPI adjustments to expense reimbursements



40-bed nursing home

Mature middle class residential and commercial area on between a major university and a airport. Standing seam metal roof. Veteran's Administration is the only tenant. Property lease dates shown are estimates. Actual dates are subject to verification.

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Highlights

Status:
Sold
Price:
$5,675,000
PSF:
$214
Cap Rate:
7.74%
Annual Rent:
$410,000
Rent Increases:
Inquire
 

Property Information

Building Size:
26,515 sq.ft.
Property Type:
Net Lease
Industry Type:
Government - Institutional
Units/Spaces:
1
Year Built:
2001
Land Area:
5.00 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Veteran's Administration
Lease Type:
NNN
Lease Commencement:
11/01/2007
Lease Expiration:
11/01/2021
Lease Term:
14 years
Lease Remaining:
6.9 years
Landlord Responsibilities:
None
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.