724 NE 79TH TER, KANSAS CITY, MO 64118

Exclusive: Last Known Available Skilled Nursing CON in Kansas City Metro - 75 Beds

PROPERTY OVERVIEW

Midwest CRE Advisors presents an unprecedented healthcare investment opportunity: the acquisition of the final developable Certificate of Need for a skilled nursing facility in the Kansas City metropolitan area. Located at 724 NE 79th Terrace in premium North Kansas City, this 75-bed SNF represents the only remaining pathway for skilled nursing capacity expansion in a supply-constrained market. This property is not currently operational and provides the next owner a blank slate regarding design and layout.

MARKET VALIDATION

Recent market activity validates the scarcity premium: Baptist Homes of the Ozarks forfeited $6.4 million on their 48-bed Smithville project, demonstrating the regulatory barriers facing new entrants. Across Missouri, $46+ million in SNF projects have been abandoned due to CON process failures, creating an unprecedented supply shortage in the state's second-largest metro area.

CERTIFICATE OF NEED DETAILS

The property holds an active 75-bed SNF Certificate of Need with documented historical operations at 150 beds. Missouri's Certificate of Need program requires 12-18 month approval timelines for new applications, with recent failure rates exceeding 40%. This regulatory framework creates significant barriers to entry, positioning existing CON holders with substantial competitive advantages.

PROPERTY SPECIFICATIONS

Address: 724 NE 79th Terrace, Kansas City, MO 64118

Building Type: Skilled Nursing Facility

Current Capacity: 75 licensed beds

Expansion Potential: 150 beds (with existing CON rights)

Zoning: Healthcare/Institutional

Previous Operation: Cherry Hills Nursing Home

Infrastructure: Complete SNF layout with nursing stations, dining facilities, therapy areas

MARKET FUNDAMENTALS

Demographics: 33% of population within 1-mile radius over age 55, with average household income of $92,300. Kansas City's aging population is projected to grow 25% by 2030, driving sustained demand for skilled nursing services.

Competitive Landscape: Limited direct competition in North Kansas City submarket. Existing facilities include Ignite Medical Resort (90 beds), Northland Rehabilitation (118 beds), and Tiffany Springs (120 beds), all operating at or near capacity.

STRATEGIC ADVANTAGES

Regulatory Protection: Certificate of Need creates legal barriers preventing new competition, establishing a defensive moat around market share and pricing power.

Expansion Economics: The pathway to 150 beds provides immediate scalability without regulatory risk. Ground-up SNF development typically costs $150-200K per bed when certificates can be obtained.

Operational Efficiency: Existing infrastructure eliminates the 18-24 month development timeline and reduces capital requirements compared to ground-up construction.

Market Timing: Acquisition occurs during optimal market conditions with constrained supply, recovering occupancy rates, and increasing demand from demographic trends.

ACQUISITION OPPORTUNITY

This represents a unique opportunity to acquire the last scalable skilled nursing platform in Kansas City metro. The combination of existing infrastructure, regulatory protection, and expansion rights creates a compelling value proposition for healthcare operators, REITs, and institutional investors seeking defensive assets in supply-constrained markets.

Target Buyers: Skilled nursing operators, healthcare REITs, private equity groups, and institutional investors focused on regulatory-protected healthcare assets.

OFFERING PROCESS

Confidential Information available to qualified parties upon execution of Non-Disclosure Agreement. Property tours scheduled by appointment only.