Village Green Alzheimer's Care

Special Purpose for Sale
Catylist Listing ID: 30213855
Property Subtypes: Senior Housing
Building Size (RSF): 10,000 SF
Gross Land Area: 1 Acre
Sale Price: $3,323,000
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: 6.5%
Last Updated: 4/9/2018

Overview / Comments

> New 15 year absolute NNN lease to commence at close ofescrow> 10% rental increases every five years with three 5-year renewaloptions> Lease will be personally guaranteed by two principals of VillageGreen Alzheimer’s Care Home, LLC> Brand new construction 10,000-square-foot facility located onone acre of land> Village Green Alzheimer’s Care is growing their successfulconcept and currently undergoing expansion across the greaterHouston MSA> Dense population with 76,990 and 227,748 people within a threeand five mile radius respectively> Stellar income demographics all above $100,000 within a one,three and five mile radius> 1 mile radius: $156,978> 3 mile radius: $138,324> 5 mile radius: $113,205

Attachments & Media

Additional Details

Nearest MSA: Houston-The Woodlands-Sugar Land
County: Harris
Tax ID/APN: 0410890000415
Total Number of Buildings: 1
Number of Stories: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,991 75,117 226,011
Median Age: 37.7 36.97 34.23
Households: 5,251 25,388 78,341
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