29 Rock Dr - Personal Care Home Facility | 24 Beds
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29 Rock Dr - Personal Care Home Facility | 24 Beds
16,332 SF Health Care Building Offered at £2,982,825 at a 7.80% Net Initial Yield in Toccoa, GA 30577
Executive Summary
Bull Realty is pleased to present the opportunity to acquire this personal care home facility. Built in 2002 and recently renovated in 2022, the facility offers 20 licensed units with a total capacity of 24 beds. Situated on ±2.02 acres of land in a B-II zoned area, the property is strategically located in Toccoa, Georgia, a popular destination nestled in the North Georgia Mountains. The facility is currently operating at over 90% occupancy, reflecting strong demand for its services.
The unmet demand for personal care home services within a 15-mile radius is significant, with a current shortage of 277 beds, projected to grow by 22.38% to 339 beds by 2029. This growth presents a promising opportunity for continued business expansion.
Each unit is thoughtfully designed with a private bathroom, closet, sink, microwave, small refrigerator, and modern safety features such as smoke detectors and a sprinkler system. Video cameras and nurse call systems are installed. The facility also includes shared spaces such as a living room, activity room, library, office, full kitchen, and dining facility. Residents enjoy a serene patio with a garden that overlooks Toccoa Creek, enhancing the tranquil environment. The property is in close proximity to management services such as American Pest Control, Toccoa City Manager, Hanco Exterminating, and Universal Maintence Inc. Healthcare services near by include WorkWell Primary Care Clinic, Toccoa Family Medicine, SCHPG Internal Medicine and Northeast Georgia Physcicians Group.
- 20 units licensed for 24 beds as a personal care home
- Built in 2002 and renovated in 2022
- ±2.02 acres zoned B-II
- Over 90% occupancy
- Unmet demand within 15 mile radius is currently 277 beds growing to 339 in 2029, a 22.38% increase
- Average rent: $4,460.75
- Units include bathroom, closet, sink, and access to microwave and a small refrigerator
- Smoke detectors, sprinklers, video cameras and nurse call systems are installed
- Living room, activity room, library, and office
- Full kitchen and dining facility
- Patio with garden facing Toccoa Creek
- Close proximity to WorkWell Primary Care Clinic, Toccoa Family Medicine, SCHPG Internal Medicine and Northeast Georgia Physicians Group
- Option for Seller to provide management services
- Toccoa is located in the North Georgia Mountains with miles of trails for hiking, biking, and horseback riding
- Included in the “Top 200 Best Towns for Outdoors” by Outdoor Life Magazine
The unmet demand for personal care home services within a 15-mile radius is significant, with a current shortage of 277 beds, projected to grow by 22.38% to 339 beds by 2029. This growth presents a promising opportunity for continued business expansion.
Each unit is thoughtfully designed with a private bathroom, closet, sink, microwave, small refrigerator, and modern safety features such as smoke detectors and a sprinkler system. Video cameras and nurse call systems are installed. The facility also includes shared spaces such as a living room, activity room, library, office, full kitchen, and dining facility. Residents enjoy a serene patio with a garden that overlooks Toccoa Creek, enhancing the tranquil environment. The property is in close proximity to management services such as American Pest Control, Toccoa City Manager, Hanco Exterminating, and Universal Maintence Inc. Healthcare services near by include WorkWell Primary Care Clinic, Toccoa Family Medicine, SCHPG Internal Medicine and Northeast Georgia Physcicians Group.
- 20 units licensed for 24 beds as a personal care home
- Built in 2002 and renovated in 2022
- ±2.02 acres zoned B-II
- Over 90% occupancy
- Unmet demand within 15 mile radius is currently 277 beds growing to 339 in 2029, a 22.38% increase
- Average rent: $4,460.75
- Units include bathroom, closet, sink, and access to microwave and a small refrigerator
- Smoke detectors, sprinklers, video cameras and nurse call systems are installed
- Living room, activity room, library, and office
- Full kitchen and dining facility
- Patio with garden facing Toccoa Creek
- Close proximity to WorkWell Primary Care Clinic, Toccoa Family Medicine, SCHPG Internal Medicine and Northeast Georgia Physicians Group
- Option for Seller to provide management services
- Toccoa is located in the North Georgia Mountains with miles of trails for hiking, biking, and horseback riding
- Included in the “Top 200 Best Towns for Outdoors” by Outdoor Life Magazine
Property Facts
| Price | £2,982,825 | Lot Size | 2.90 AC |
| Sale Type | Investment | Building Size | 16,332 SF |
| Net Initial Yield | 7.80% | Number of Floors | 1 |
| Property Type | Health Care | Year Built | 2002 |
| Property Subtype | Congregate Senior Housing | Parking Ratio | 1.59/1,000 SF |
| Building Class | C |
| Price | £2,982,825 |
| Sale Type | Investment |
| Net Initial Yield | 7.80% |
| Property Type | Health Care |
| Property Subtype | Congregate Senior Housing |
| Building Class | C |
| Lot Size | 2.90 AC |
| Building Size | 16,332 SF |
| Number of Floors | 1 |
| Year Built | 2002 |
| Parking Ratio | 1.59/1,000 SF |
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zoning
| Zoning Code | BII (Assisted Living, multi-family) |
| BII (Assisted Living, multi-family) |
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29 Rock Dr - Personal Care Home Facility | 24 Beds
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