VILLAGE GREEN | SALE PENDING

Address: 19605 Champion Forest Dr, Spring TX 

Price: $3,622,000

NOI: $235,430

Building Size: +/- 10,000 SF

Lot Size: +/- 0.84 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.

The property is located 1.6 miles from the new Grand Parkway extension just off the signalized intersection of Spring Cypress Road and Champion Forest Drive in Spring, Texas (Houston MSA).