FOR SALE – STNL - New Mexico Residential Treatment Facility (with FF&E) • Attn: 1031 / Like Kind Exchange Buyers • Good place to put money. Interest rates are decreasing and industry growth is growing • 2022 appraisal, for this facility as vacant, valued at over $3.2M • Lease Basics o $144K annual rent in year 1 (6/1/2024) o Lease expires May 2034 o 3% annual escalations o Start-up company with personal guarantees by principals operating similar operation in AZ • Facility Basics o 10-bed residential treatment facility for behavioral healthcare (permitted by right) o 4300 building square footage of a converted two-story single family residential estate, fire sprinklered for licensed treatment o 3000+ building square footage of outside storage and recreational facility o Over two acres of paved and functional site o 30-minute drive to downtown Albuquerque o The subject is located with 15-miles of 10+ hospitals (including three psychiatric hospitals) that provide extensive care and referrals to the city. • Future Exit Strategy o Highest and Best use is a 10-bed residential care facility but, an exit strategy on this is potentially converting back to a Single Family Residence (SRF); o SRF residential values have averaged value increase of almost 20% annually in Rio Rancho area o In Demand Behavioral Healthcare Location * Facility was recently vacated by a behavioral healthcare provider and backfilled by a new provider at higher rent within 30 days (in demand location) * Behavioral healthcare industry growth statistics – United Stated • 9.2 % annual growth over the last five years • 11.6% growth projected over the next five years