Property details
Assisted Living Facility Sale-Leaseback, Southeast Region
Property Description
Assisted Living Facility Sale-Leaseback
Located in Georgia.
This facility has been open and licensed for over a year now.
25 year lease commencing at closing.
Strong possibility of being an Absolute NNN Lease.
3% increase every 5 years.
Two five-year options.
The operator is a franchisee that the subfranchisor would be able to take over if there were to be a problem but no other guarantor.
If a buyer prefers to buy the operations with the real estate, this is possible, however, the price is $3.1M
Recent terms received from a mortgage broker (subject to buyer change and buyer verification):
Terms for a SBA 7a:
Rate: WSJP + 2.75 floating
Prepay penalty: 5,3,1 for first 3 yrs.
Collateral: generally all collateral available (I believe in this case that the real estate will stand on its own at 80% LTV).
Term: 25 yrs. real estate
Broker fee: 1%
Images
Highlights
- Status:
- Available
- Price:
- $2,000,000
- Cap Rate:
- 5.00%
- Rent Increases:
- Inquire
Property Information
- Property Type:
- Net Lease
- Industry Type:
- Senior Housing
- Units/Spaces:
- 1
- Year Built:
- 2016
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Assisted Living Facility Sale-Leaseback
- Lease Type:
- NNN
- Lease Commencement:
- 07/11/2017
- Lease Expiration:
- 07/11/2017
- Lease Remaining:
- 25.0 years
- Landlord Responsibilities:
- Absolute NNN
- Options:
- Two 5-year options
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.