4650 Ranch - Village Green Alzheimer's Care Home
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4650 Ranch - Village Green Alzheimer's Care Home
14,000 SF Health Care Building Offered at £5,218,226 at a 7% Net Initial Yield in Sachse, TX 75048
Investment Highlights
- 2023 Construction
- 3, 5-year renewal options.
- Surrounded by dense housing market with strong median household incomes of $108,832 within 3 miles of the property.
- Brand new, 16-year Absolute Net lease with built in rent escalations every 5 years.
- Strong Tenant Profile: Village Green Alzheimer’s Care is growing their successful concept and currently undergoing expansion across Texas
- Population of over 210,000 residents within 5 miles of the property.
Executive Summary
The Village Green (the “Property”) is a 14,000 square foot assisted living property located at 4650 Ranch Road in Sachse, Texas. The Property is a standalone senior care development positioned near the intersection of Ranch Road and State Highway 78. The property is surrounded by both single and multi-family residential developments. The Property was constructed in 2023 and opened September 1st. The Village Green has a brand new, 16-Year personally guaranteed absolute net lease with built in base rent escalations every 5 years, including 3, 5-year renewal options.
Property Facts
| Price | £5,218,226 | Building Class | C |
| Price Per Bed | £260,911 | Lot Size | 2.10 AC |
| Sale Type | Investment | Building Size | 14,000 SF |
| Net Initial Yield | 7% | No. Beds | 20 |
| Property Type | Health Care | Number of Floors | 1 |
| Property Subtype | Assisted Living | Year Built | 2023 |
| Price | £5,218,226 |
| Price Per Bed | £260,911 |
| Sale Type | Investment |
| Net Initial Yield | 7% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 2.10 AC |
| Building Size | 14,000 SF |
| No. Beds | 20 |
| Number of Floors | 1 |
| Year Built | 2023 |
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PROPERTY TAXES
| Parcel Number | R-10146-001-02R1-1 | Improvements Assessment | £1,464,277 |
| Land Assessment | £709,960 | Total Assessment | £2,174,237 |
PROPERTY TAXES
Parcel Number
R-10146-001-02R1-1
Land Assessment
£709,960
Improvements Assessment
£1,464,277
Total Assessment
£2,174,237
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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4650 Ranch - Village Green Alzheimer's Care Home
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