“An associate firm is pleased to introduce a new assisted living and memory care development located in a growing market of Clear Lake and part of the Houston MSA.​ The site was originally planned for six buildings (five residential cottages and one community center), an assisted living and memory care campus providing a total of 70 units/90 beds.​ The current offering includes the completion of three buildings (two residential buildings and one community center) with a total of 28 units and 36 beds.​ The three buildings have a combined 26,979 square feet.​ The site is situated on approximately 5.43 acres and has improvements made to the grounds of concrete parking lots, driveways and detention pond.​ A new owner has the ability to continue with the cottage model or do one large two story facility of independent, assisted living or memory care.​ The facility is located near the Clear Lake Subdivision with home prices ranging in the $580,000 to $950,000.​ The average household income within a one mile radius is over $190,000.​ The population within a five mile radius is over 190,000 residents.​ The 75 and older age cohort is over 9,500 residents (with a median income over $44,000) and projected to grow by 29 percent by 2026.​ This opportunity offers a buyer the ability to purchase a new assisted living and memory care development without the typical time frame of new development projects giving a quicker return on their investment.​ They can also either expand the campus as originally intended or with a larger building providing the opportunity for higher returns.​ The owner will also consider Lease-to-Purchase from qualified buyers.​”
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Texas – growing market of Clear Lake and part of the Houston MSA

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