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2828 Nature Way - Magnolia Home Care 47,104 SF Health Care Building Offered at $13,714,285 at a 8.75% Cap Rate in Frisco, TX 75033
INVESTMENT HIGHLIGHTS
- 15-Year Sale Leaseback | Scheduled Rental Increases | Signalized, Hard-Corner (53,100 VPD) | Corporate Guaranteed
- Parkway Towne Crossing (375,000) | Strong Population Growth |Primary Retail Corridor | Excellent Visibility & Access
- NNN Leased | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN 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 NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
PROPERTY FACTS
| Price | $13,714,285 | Lot Size | 4.70 AC |
| Price Per Bed | $214,286 | Building Size | 47,104 SF |
| Sale Type | Investment | No. Beds | 64 |
| Cap Rate | 8.75% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2019 |
| Property Subtype | Congregate Senior Housing | Parking Ratio | 0.89/1,000 SF |
| Building Class | A | ||
| Zoning | O-1 - Office | ||
| Price | $13,714,285 |
| Price Per Bed | $214,286 |
| Sale Type | Investment |
| Cap Rate | 8.75% |
| Property Type | Health Care |
| Property Subtype | Congregate Senior Housing |
| Building Class | A |
| Lot Size | 4.70 AC |
| Building Size | 47,104 SF |
| No. Beds | 64 |
| No. Stories | 1 |
| Year Built | 2019 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | O-1 - Office |
AMENITIES
- Wheelchair Accessible
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PROPERTY TAXES
| Parcel Number | R662260 | Improvements Assessment | $6,307,560 |
| Land Assessment | $1,944,540 | Total Assessment | $8,252,100 |
PROPERTY TAXES
Parcel Number
R662260
Land Assessment
$1,944,540
Improvements Assessment
$6,307,560
Total Assessment
$8,252,100
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2828 Nature Way - Magnolia Home Care
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