An associate firm is pleased to introduce this 42,220 square foot Assisted Living Facility that features 120 state-licensed beds and is situated on 3.6 acres. It is conveniently located in North Carolina near Raleigh, Durham, and Chapel Hill. Many new furnishings and more coming.
The tenant operates the Assisted Living Facility and has 9 years remaining on a triple net lease. Current rent is $35,000 per month with an escalation to $47,000 a month once certain occupancy levels are met. Net operating income is $420,000 per year and could increase once the occupancy target levels are met in the lease agreement.

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