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1192 T L Townsend Dr
Rockwall, TX 75087
Village Green Alzheimer's Care Home · Health Care Property For Sale
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20 Beds
Investment Highlights
- Long Term, Absolute NNN Lease: New 15-year NNN lease, three 5-year options, 10% increases every 5 years
- Brand New Construction: The facility is comprised of a 17,500 SF building on 2.0896 acres with expected delivery of December 2020
- Excellent Location & Visibility: Located adjacent to a brand new 144-unit senior independent living multifamily project on T L Townsend Drive, across
- Lease is personally guaranteed by the two principals of Village Green Alzheimer’s Care Home, LLC with over $20M+ net worth
- Strong demand for memory care in Rockwall led the City to approve development of the 144-unit senior independent living community contingent upon plac
- Exceptional Growth: 15.29% projected population growth from 2020- 2025 within 1-mile
Property Facts
| Property Type | Health Care | No. Beds | 20 |
| Property Subtype | Assisted Living | No. Stories | 1 |
| Building Class | B | Year Built | 2020 |
| Lot Size | 10.31 AC | Parking Ratio | 2.4/1,000 SF |
| Building Size | 17,500 SF | ||
| Zoning | Commercial | ||
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | B |
| Lot Size | 10.31 AC |
| Building Size | 17,500 SF |
| No. Beds | 20 |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 2.4/1,000 SF |
| Zoning | Commercial |
Property Taxes
| Parcel Number | 97703 | Improvements Assessment | $2,558,751 |
| Land Assessment | $1,092,276 | Total Assessment | $3,651,027 |
Property Taxes
Parcel Number
97703
Land Assessment
$1,092,276
Improvements Assessment
$2,558,751
Total Assessment
$3,651,027
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