Listed by Blueprint Healthcare Real Estate Advisors
Unpriced
Absolute Net - CA Residential Eating Disorder Treatment
Details
Property Type Multifamily, Senior Living
Sub Type Behavioral health, Eating disorder
Square Footage 11,536
NOI $773,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 18.3
Lease Expiration 09/30/2044
Rent Bumps Yes
Acreage 1.080
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/30/2024
Ground Lease No
Sale Condition 1031 exchange
Absolute Net - Residential Eating Disorder Treatment
Marketing description
Absolute Net Lease acquisition opportunity with full lease guarantee from a private equity backed provider tenant.
Please sign the CA and / or reach out to Blueprint's behavioral healthcare team for opportunity specifics.
Investment highlights
- Absolute net lease of two high performing residential eating disorder treatment facilities with strong reversion value and leases that are fully guaranteed by tenant at the corporate level
- Located in coastal california, both assets are under one long term absolute net lease to a private equity backed national eating disorder provider
- With an attractive remaining lease term of over 18 years, operating under an absolute net structure and featuring 2.50% annual escalators over the initial term, both communities present an incoming investor the opportunity to acquire immediate year 1 cash flow of $775,000, effective in October 2026
- Both communities are net leased to one of the largest eating disorder providers in the country. The subject locations are among top performers across their portfolio:
- Northern California facility rent coverage ratio: 3.6x
- Southern California (through march 2026) rent coverage ratio: 4.6x
- The assets also offer attractive reversion value as single family homes, situated in supply-constrained california markets
- The properties are being offered as a portfolio. Offers on individual properties will be considered, though a portfolio sale is strongly preferred
- Both buildings are net leased to a national private equity backed provider of inpatient, outpatient, residential, and virtual eating disorder care
- Accredited by the joint commission, tenant is recognized as a premier provider of eating disorder care by private and commercial insurance payors across the country
- Both facilities operate with attractive lease coverages (ttm through march 2026) of 3.6x and 4.6x respectively
Listing Contacts
Listed by Blueprint Healthcare Real Estate Advisors
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Loan Amount
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Annual Cash Flow
$773,000.00
$64,416.67/mo
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Zoning
C-2 CommercialRetail CommercialCommercial 2
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