VILLAGE GREEN

Address: 2050 West Lake Houston Pkwy, Kingwood, TX

Price: $4,154,031

NOI: $270,012

Building Size: +/- 10,000 SF

Lot Size: +/- 1.15 AC

Type: Single-Tenant / Health Care

bill pyle

214.545.6977


 

Investment Overview

Newly-built (2018 construction) 10,000 square foot Alzheimer’s care facility leased to Village Green Alzheimer’s Care Home. Village Green is undergoing expansion over the next year across Texas.

The base term of the lease is 15 years and includes 10% rental increases every 5 years during the initial 15-year base lease term and the 3, 5-year option periods. The lease is absolute NNN with no landlord responsibilities, and is personally guaranteed by the two principals of Village Green Alzheimer's Care Home, LLC..

Kingwood is a 14,000 acre master-planned community located in northeast Houston that is known as the “Livable Forest” due to its heavily wooded acreage.