Long-Term Memory Care Facility | 450+ Rev | ABS NNN
Brand-New 20-year Absolute Net lease featuring 2% annual rent escalations throughout the base term
Marketing description
Brand-New 20-Year Absolute Net Lease — Zero landlord responsibilities and potential tax advantages, including opportunities for accelerated depreciation
Attractive Annual 2% Rent Increases — Contractual rent growth throughout the base term and both 5-year renewal options provides a built-in hedge against inflation
Above-Market 8.00% Cap Rate — Immediate scale and yield with more than $1.16M in year-one net operating income backed by a long-term corporate lease
Institutional-Quality Healthcare Credit — Lease is backed by a full corporate guarantee from a healthcare platform generating more than $450 million in annual revenue across nearly 200 locations; as the surviving entity of a recently completed merger, the guarantor holds the consolidated assets and revenue base of the combined organization
Purpose-Built Care Facility on a Campus Setting — 70,446 SF facility on 2.75 acres designed to support rehabilitation, memory care, and long-term wellness services, providing a comfortable environment for residents, patients, and visiting families
Mission-Critical, Needs-Based Services — Rehabilitation and long-term care are essential, demographically driven uses that offer resiliency through economic cycles
Established Medical Corridor — Positioned along one of the submarket's primary commercial corridors, surrounded by complementary healthcare providers and within two miles of a leading regional hospital campus
Affluent, Stable Trade Area — Average household incomes exceed $110,000 within one mile and $106,000 within three miles, with more than 217,000 residents within five miles supporting long-term demand for care services
Strong Retail and Amenity Base — Surrounded by national retailers, grocers, pharmacies, restaurants, and daily-service businesses that generate consistent area traffic
Excellent Regional Connectivity — Convenient interstate access links the property to the broader metropolitan area, expanding its patient and resident draw across multiple affluent suburbs
Investment highlights
CrownPoint Partners is pleased to present the exclusive opportunity to acquire the fee simple interest in a 70,446 square foot purpose-built healthcare facility situated on a spacious 2.75-acre campus within an affluent, established suburb of a major Midwest metropolitan area. The facility is designed to support rehabilitation, memory care, and long-term wellness services, and is 100% leased to a vertically integrated, non-hospital-based healthcare system that has been delivering essential medical services for more than 30 years.
The tenancy is secured by a brand-new 20-year Absolute Net lease featuring 2% annual rent escalations throughout the base term and options, with zero landlord responsibilities. The lease is backed by a full corporate guarantee from the tenant's parent organization — the surviving entity of a recently completed merger that consolidated two established healthcare platforms into a single operating company generating more than $450 million in annual revenue across a network of nearly 200 clinics, pharmacies, laboratories, and ancillary healthcare facilities throughout the South and Midwest.
Priced at $14,500,000 and an 8.00% cap rate, the offering delivers immediate scale, above-market yield, and durable healthcare-backed income. The property sits along a primary commercial corridor within two miles of a leading regional hospital campus, surrounded by complementary healthcare providers, national retail, and some of the metro's most affluent residential neighborhoods — with average household incomes exceeding $110,000 within one mile — supporting deep, long-term patient demand for essential care services.
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