2129 Bay Hill Dr - Health Care FOR SALE


Plano, TX 75023
$4,500,000 USD
949-270-8229
2129 Bay Hill Dr, Plano, TX for Sale
$4,500,000 USD
Health Care - FOR SALE
1/10
null | 8.5% Cap Rate

2129 Bay Hill Dr
Plano, TX 75023


HIGHLIGHTS

  • 15-Year Sale Leaseback | Scheduled Rental Increases | Spring Creek Pkwy (41,700 VPD) | Corporate Guaranteed
  • NNN Leased | Fee Simple Ownership | Zero Landlord Responsibilities
  • Parkwood Square (152,000 SF) | Strong Population Growth |Primary Retail Corridor | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Evergreen Care Homes investment property located in Plano, Texas. The tenant, Evergreen 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 no landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Evergreen Care Homes | New 15yr NNN SLB

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,482 SF

ZONING

Retail/General Office

APN/PARCEL ID

R-0222-018-001R-1

ASK ABOUT THIS PROPERTY

Stephen SullivanSRS National Net LeaseMore Info
949-270-8229

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Stephen SullivanSRS National Net LeaseMore Info
949-270-8229

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