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