Well Homed Assisted Living Facility
Elkton, MD
Key Details
| Price: | $1,588,200 |
|---|---|
| Cap Rate: | 8.50% |
| Annual Rent: | $135,000 |
| Address: | 1800 Singerly Road, Elkton, Maryland 21921 |
| Property Type: | Specialty |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 1.62 Acres |
| Building Size: | 3,533 SF |
| Year Built: | 2003 |
NNN Pro is pleased to present the exclusive listing for a Well Homed Assisted Living Facility located at 1800 Singerly Road, Elkton, Maryland 21921. The site consists of roughly 3533 rentable square feet of building space on an estimated 1.62-acre parcel of land. This Well Homed Assisted Living Facility is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $135,000 and has scheduled increases of 2.00% Annually.
About the Investment
- Long-Term Triple-Net (NNN) Sale-Leaseback | The 20-year triple-net (NNN) lease term allows for tenant security and zero landlord responsibility.
- Strong Annual Rental Increases | The annual rental increases of 2.00% hedge against inflation and increase yearly income.
- High & Increasing Demand For Eldercare Facilities | Currently comprising 25% of the US population, the number of Americans aged 65 and over is projected to create a deficit of 1.3 million licensed beds by 2029.
- Luxury Residential Assisted Living Community | A residential assisted living (RAL) home is a non-medical environment modeled after contemporary homes rather than clinical settings. Studies have shown home-like atmosphere and a sense of community where seniors feel known can reverse depression in elders.
- Personalized Care | Customized care plan for each resident including high quality care, comfortable living spaces, and engaging activities. Unparalleled staff-to-resident ratio.
- Changing U.S. Demographics | By 2034, older adults 65+ will outnumber children 18 years and younger for the first time in history
Key Details
| Price: | $1,588,200 |
|---|---|
| Cap Rate: | 8.50% |
| Annual Rent: | $135,000 |
| Address: | 1800 Singerly Road, Elkton, Maryland 21921 |
| Property Type: | Specialty |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 1.62 Acres |
| Building Size: | 3,533 SF |
| Year Built: | 2003 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Ken Johnson
kjohnson@nnnpro.com
License:
Broker of Record
Brian Brockman
Bang Realty, Inc
License: 678573
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.