Sale Leaseback Portfolio 4 Properties Offered at $7,500,000 in Multiple Locations

Property Features:
- Sale-Leaseback Opportunity from Thriving Health and Wellness Organization.
- The Residential OR Commercial Package may be Purchased Individually!
- All Buildings Purchased and Renovated within the Past 5 Years.
- Renovations Vary by Address but Include Fully Interior Renovations, Plumbing and Electrical Upgrades, and Recent Roof HVAC Replacements.
Current Facility Use:
- 1406 16th St Vero Beach, FL 32960 – Mental Health Outpatient Services
https://behavioralhealth.purhealth.us/
- 6609-6623 N US Highway 1, Fort Pierce, FL 34946 – Detox & Residential
Impatient Treatment https://recovery.purhealth.us/
- 1581 & 1595 Old Dixie Hwy., Vero Beach FL, 32960 – PHP/IOP Addiction & Substance Abuse Programs
https://healthandwellness.purhealth.us/
- Highland Avenue and 14 Avenue, Vero Beach Locations – Monitored Sober Living Facilities
Financial Summary:
Parent Company: VBREP LLC
Total Square Footage: 34,210
Residential Square Footage: 9,616
Commercial Square Footage: 24,594
Average Lease Expiration: February 2034 (8 Years Remaining)
Lease Structure: Triple Net (NNN)
Current Base Rent: $576,745.26
Rental Increases: 3% Annual
Renewal Options: Two, 1-Year Options (3% Increases)
Landlord Responsibilities: Roof, Structure, Common Area Maintenance (All Operating Expenses Billed Back to Tenant Including Amortized Capital Improvements or Repairs)
Tenant Responsibilities: All Interior Repairs & Maintenance Incl. HVAC
PORTFOLIO SUMMARY: Includes Nine Residential Buildings Totaling 9,616 Square Feet and Four Commercial Buildings Totaling 24,594 Square Feet.
TOTAL SF: 34,210
NOI: $559,640.26
CAP RATE: 7.46%
SALE PRICE: $7,500,000
COMMERCIAL BLDG’S. ONLY: $4,700,000
RESIDENTIAL BLDG’S. ONLY: $2,800,000