201-221 NE 40th Ct, Oakland Park, FL 33334

This 7-bedroom, 4-bathroom adult rehabilitation and treatment center for sale offers a rare opportunity for those looking to establish or expand a treatment center. Alternatively, it could be used as an assisted living facility, adult or family day care center, or specialized care residence*. Located near the vibrant culinary and arts scene of Oakland Park, this well-maintained property is just minutes from retail centers, fine dining establishments, and medical facilities.

Designed for functionality, the layout includes spacious common areas inside and outside, multiple entry points, and private rooms. The property is already equipped with key infrastructure such as a commercial-grade prep kitchen to streamline meal preparation, while an onsite generator ensures continuous power. Mature landscaping surrounds the property, creating a sense of tranquility, while maintaining easy access to major roads, shopping, and local amenities.

In addition, this offering is structured as a 3-year sale-leaseback, providing investors with immediate rental income of $198,000/year + NNN. The tenant is a non-profit organization, and beginning in year two, may exercise a cancellation provision with six (6) months’ notice in the event of loss of funding. This arrangement offers a balance of reliable short-term income with tenant flexibility.

Whether continuing as a licensed facility or reimagining the space for a new purpose, this property is well-suited for a variety of care-focused or community-driven uses.

*Disclaimer: Buyer is responsible for verifying that their intended use complies with all zoning regulations and requirements set forth by the City of Oakland Park. The listing broker makes no representations or warranties regarding zoning, permits, or allowable uses and assumes no responsibility for the buyer’s due diligence.

Sale-leaseback agreement:

• Term: (3) years

• Rate: $198,000/year + NNN

• Cap Rate: 7.07%

• Cancellation Provision: Beginning in year 2, if the tenant (a non-profit) fails to receive funding, they may provide six (6) months’ notice to terminate the lease. During this notice period, rent will continue to be paid, and the tenant will vacate upon expiration of the six months’ notice.