ID#043215     Approximate Beds/Units: 64     Location:  Frisco

Another firm is pleased to introduce the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased facility/investment property located in Frisco, Texas, offered at an 8.80% Cap Rate. The tenant will sign a brand new 15-year lease at close of escrow demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

PROPERTY FACTS:

Lot Size: 4.70 AC   Price Per Bed: $234,375    Building Size: 47,104 SF            Sale Type: Investment   No. Beds: 64   Cap Rate: 8.80%    No. Stories: 1
Property Type: Health Care       Property Subtype: Congregate Senior Housing Parking Ratio: 0.89/1,000 SF    Year Built: 2019      Building Class: A       Zoning: O-1 – Office