Healthcare Facility Sale Leaseback

Cincinnati, OH MSA,
Deal Type:
Sale Leaseback
Price:
$8,000,000
Cap Rate:
7.50%
Current Rent:
$600,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
14,500 SF
Rent Increases:
2.00% Annually
Site Size:
51 Acres

Investment Highlights

  • Long-term, absolute triple net lease with annual rent increases
  • The subject property is a state-of-the-art inpatient residential treatment center on 51 pristine acres outside of Cincinnati 
  • The Company recently invested $3.1 million in doubling the size of the facility, adding 11 beds and new services and amenities on-site
  • The recent expansion included a $1.2 million investment to upgrade the utility infrastructure (including a larger parking lot) to serve up to 140 beds, accommodating future expansions
  • The new facility enables the Company to offer detox services in-house, instead of referring those clients to third party providers 
  • The expansion also created 11 new beds of which 6 are professional suites, which command a higher rate and cater to clients seeking a higher level of privacy and amenities

Listing Agents

Chelsea Mandel

Senior Vice President
516 850 6962
Chelsea@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com

In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946

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