1300 Montreal Rd - Health Care FOR SALE


Tucker, GA 30084
$6,000,000 USD
678-283-0136
1300 Montreal Rd, Tucker, GA for Sale
$6,000,000 USD
Health Care - FOR SALE
1/14
null | Request Cap Rate

NEW


1300 Montreal Rd
Tucker, GA 30084


HIGHLIGHTS

  • Behavioral Unmet Demand (20 mile): 7,000+ beds (See market study in attachments)
  • Average Net Worth: $1,300,575 • Average Household Income: $131,968 • Average Home Value: $514,874
  • List Price: $6,000,000 or $141/SF
  • CoStar Average National CAP & Sold Comps: 7.1% & $466/SF (See Sold Comps in the attachments below)
  • Replacement Cost 2025 Weitz (Construction cost only): $343/SF
  • O-I Zoning allows Behavioral Use by right

OVERVIEW

Bull Realty is pleased to present this Assisted Living Facility for potential conversion to Behavioral Health. The ±42,528 SF building has 63 units. The facility located in Tucker, GA, a suburb of Atlanta, is widely recognized as one of the most dynamic and fastest-growing economies in the Southeast. The local economy is powered by a workforce of over 18,000 employees, primarily concentrated in professional, scientific, and technical services, as well as healthcare and retail trade. Major industrial players like PepsiCo—which recently underwent a significant $260 million expansion—and the continued growth of occupational health services like Concentra anchor the city's manufacturing and service sectors. Located 28 miles from the Atlanta Airport. In the real estate sector, Tucker remains a sought-after "In-town" alternative with a median home sale price hovering around $514,874. While the broader Atlanta metro area is seeing some market corrections, Tucker's high homeownership rate of 64% and steady demand for turnkey family homes contribute to its reputation as a resilient community for both residents and investors. Amenities include a professional kitchen, theater, beauty salon and more. The property offers assisted living with a professional care staff and memory care services. STRONG DEMOGRAPHICS • Average Net Worth: $1,300,575 • Average Household Income: $131,968 • Average Home Value: $514,874 • Unmet Demand (20 mile): 7,000+ beds PROPERTY HIGHLIGHTS • List Price: $6,000,000 • Pro Forma Gross Revenue: $11,862,500 ($500 ADR growing at 3%) • Forecast NOI: $830,375 (Year 1 Pro Forma Revenue) • CoStar Average National CAP & Sold Comps: 7.1% & $466/SF • 2025 Weitz Replacement Cost (Construction cost only): $343/SF • O-I Zoning allows Behavioral Use by right PRO FORMA HIGHLIGHTS (5-Year Hold) • Property Qualifies for a SBA 504 Loan: 25-year term, 85% LTC, and 5.722% interest • Pro Forma Vacancy: 65% (Year 1), 35% (Year 2) 20% (Years 3 - 10) • % Occupancy Break-even (Year 1): 31.3% • IRR: 117.34% • Cash on Cash: 40.22% • Acquisition CAP Rate: 13.41% • Debt Service Coverage Ratio: 2.10 • Projected Sales Year 5: $21.3 million • Sales proceeds after expenses: $16.1million

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

±42,528 SF Assisted Living Facility

PROPERTY TYPE

Health Care

ADD'L SUBTYPES

Assisted Living, Congregate Senior Housing, Rehabilitation Center

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.34 AC

LAND SF

101,930 SF

ZONING

OI

APN/PARCEL ID

18-145-14-008

ASK ABOUT THIS PROPERTY

Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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