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1120 E 6th St

18,165 SF Health Care Building Offered at £2,867,019 at a 8.50% Net Initial Yield in Casa Grande, AZ 85122

Investment Highlights

  • Net-Leased investment
  • Corporate guarantee with strong financial performance
  • Median Household incomes of ~$73,313
  • ~11 year remaining term
  • Pinal County location - high demand for mental health services
  • Population growth rate: 4.13%

Executive Summary

- This inpatient community is entirely NNN leased to a strong behavioral health operator
- Single-Tenant Net-Leased acquisition opportunity.
- 34-bed adolescent treatment center
- Strong unit level financial performance and corporate guarantee.
- ~11 years on the remaining lease term
- (2) 5-year extension options
- 3% annual escalators

Property Facts

Price £2,867,019
Price Per Bed £84,324
Sale Type Investment
Net Initial Yield 8.50%
Sale Conditions
1031 Exchange
  • Sale & Leaseback
Property Type Health Care
Property Subtype
Skilled Nursing Facility
  • Rehabilitation Centre
Building Class C
Lot Size 1.43 AC
Building Size 18,165 SF
No. Beds 34
Number of Floors 1
Year Built/Renovated 1972/2020
Tenancy Single
Parking Ratio 1.26/1,000 SF
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
505-31-187E
Land Assessment
£97,723
Improvements Assessment
£1,079,869
Total Assessment
£1,177,592

zoning

Zoning Code B-2, Casa Grande (Zoning permits the current single-tenant use of adolescent focused behavioral health treatment.)
B-2, Casa Grande (Zoning permits the current single-tenant use of adolescent focused behavioral health treatment.)
  • Listing ID: 33995263

  • Date on Market: 25/11/2024

  • Last Updated:

  • Address: 1120 E 6th St, Casa Grande, AZ 85122

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