861 BEVERLY HILLS DRIVE
NNN LEASE | SENIOR LIVING | 7.25% CAP
Marketing description
Berkadia Boise is pleased to present a well-established net leased property located at 861 Beverly Hills Drive in Payette, Idaho. Built in 1997, this property is part of an Assisted Living Portfolio, offering the flexibility to be acquired individually or as part of a larger portfolio.
The principals of the current tenant bring over 20 years of experience in senior living, having previously been involved with Ashley Manor. Strategically situated in the rapidly expanding Boise Metropolitan Statistical Area, the facility benefits from the region's diverse economy and strong population growth projections.
Investment highlights
Opportunity to purchase NNN-leased investment with a seasoned operator
10-year NNN lease with lease extension options for additional 10 years
Term of lease runs through December 2034
3% annual rent increases
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