2828 Nature Way - Senior Housing FOR SALE


Frisco, TX 75033
$15,000,000 USD
949-270-8229
2828 Nature Way, Frisco, TX for Sale
$15,000,000 USD
Senior Housing - FOR SALE
1/10
null | 8.8% Cap Rate

2828 Nature Way
Frisco, TX 75033


HIGHLIGHTS

  • 15-Year Sale Leaseback | Scheduled Rental Increases | Signalized, Hard-Corner (53,100 VPD) | Corporate Guaranteed
  • NN Leased | Fee Simple Ownership | Zero Landlord Responsibilities
  • Parkway Towne Crossing (375,000) | Strong Population Growth |Primary Retail Corridor | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Magnolia Care Homes investment property located in Frisco, Texas. The tenant, Magnolia Care Homes will sign a brand new 15-year lease at close of escrow demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

8.8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Magnolia Home Care

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Senior Housing

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

4.7 AC

LAND SF

204,688 SF

ZONING

O-1

APN/PARCEL ID

R662260

ASK ABOUT THIS PROPERTY

Stephen SullivanSRS National Net LeaseMore Info
949-270-8229

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Stephen SullivanSRS National Net LeaseMore Info
949-270-8229

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.