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

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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

Jonathan Wolfe

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

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

Due Diligence

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