ID#009199    Approximate Beds/Units:  29/25    Location:   Clearwater

Another firm is pleased to introduce a unique investment opportunity to acquire the fee simple interest in a single tenant, NNN leased, freestanding assisted living facility (ALF) property situated in the desirable location of Clearwater, FL. The property is currently leased to The Wave International, a reputable mental health operator with a strong presence across multiple locations, offering comprehensive and evidence-based therapeutic solutions. The tenant’s current lease term is set to expire on May 31, 2032, supplemented by 2 x 5-year extension options. This ensures a long-term and stable income stream for potential investors. Notably, the lease agreement includes annual rental increases of 3% at the commencement of each rental lease year. This strategic feature contributes to the growth of net operating income (NOI) and serves as an effective hedge against inflationary pressures. This ALF investment property represents an exceptional opportunity to acquire a prime asset in an attractive location, leased to a well-established mental health operator with a proven track record. Interested parties are invited to explore this offering and capitalize on the potential for long-term financial growth and stability.

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Clearwater $3.5M ID#009199 

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