Action Behavior Centers
Corp Guaranty | 6.75% CAP | Raleigh MSA
Marketing description
SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in a newly constructed, corporately guaranteed Action Behavior Centers (ABC) facility located in Clayton, North Carolina within the Raleigh MSA. The tenant recently executed a brand new 8-year lease featuring two (2) five-year renewal options, backed by a corporate guaranty from ABC, one of the nation’s leading providers of Applied Behavior Analysis (ABA) therapy for autism. The lease includes scheduled 2.5% annual rent increases, offering steady income growth and a built-in hedge against inflation. The lease is structured as a triple-net (NNN) agreement, with the tenant responsible for taxes, insurance, and all operating expenses. The minimal landlord obligations make this a low-maintenance investment ideal for passive or out-of-state investors, particularly in a state with no income tax.
Strategically located just two minutes from West Clayton Elementary School and within one mile of other key neighborhood amenities, the property benefits from excellent visibility and proximity to family-focused services. The surrounding area is densely populated with over 61,000 residents and 23,000 households within a 5-mile trade area. Clayton’s family-driven demographics and growing residential base reinforce long-term demand for pediatric and behavioral health services. This offering presents a rare opportunity to acquire a newly leased, mission-critical healthcare asset backed by a corporate guaranty, with long-term income security, minimal management responsibilities, and strong underlying real estate fundamentals.
Investment highlights
Brand new 8-year NNN lease with minimal landlord responsibilities and two, 5-year renewal options
2.5% annual rent increases
Corporate Guaranty: ABC is a leading provider of ABA therapy for autism, with over 350 locations throughout 16 states. ABC was valued at $840M with projected annual adjusted earnings of $60M in 2022 when they had approximately 65 locations
The U.S. ABA therapy market was valued at over $2.5 billion in 2023 and is projected to grow at a CAGR of 6-9% through 2030. Despite more centers opening, demand continues to outpace supply
ABA Therapy is considered a medically necessary treatment for children with Autism, so most health insurances are required by state law to cover it
9,315 square-foot building on 2.48 acres, built in 2009 and renovated in 2024
Raleigh MSA | 15 miles to Raleigh | 2-minute drive from West Clayton Elementary
Johnston County ranks 43 in fastest growing counties in the country. The population has increased by approximately 11% over the last three years (+28% from 2010 to 2020)
Over 958 Multifamily Units and 826 Single Family Residences underway in the immediate region
Novo Nordisk recently announced a $4.1 billion dollar investment to build a new fill-and-finish manufacturing facility in Clayton, adding over 1,000 new jobs
Surrounded by established residential neighborhoods with over 62,000 residents and 24,000 households within a 5-mile trade area
The facility is already operating at full capacity with a waitlist
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