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1820 County Rd 36, Angleton, TX, 77515

Serenity Light Recovery
$5,555,556

Key Information

Cap Rate
9%
Tot. SF
25,000
Lot Size
10.13 Acres
Year Built
1990
Term Remaining
±15 YRS
Type
Healthcare
Occupancy
100%
NOI
$500,000

Highlights

  • Inflationary Protected Lease: This lease features above market, 2.50% annual rent increases, providing a major cash flow boost and equity appreciation tool, along with being a great inflationary hedge for investors.
  • High-Demand Sector in Healthcare: Global addiction rehab facilities, according to Market.us, is projected to reach a market value of $31.3 Billion by 2032 growing at a CAGR of 7.4% from 2023 to 2032 due to surging rate of drug addiction among teenagers and rising patient awareness.
  • Extremely Passive NNN Lease: Landlord will benefit from a “hands-off” investment as the tenant takes care of all taxes, insurance, and maintenance/repairs associated with the property.
  • Sticky Investment: Rehabilitation centers rarely relocate due to established clientele and the specialization of the facility’s interior
  • First-Tier Treatment Center: Serenity Light Recovery offers a variety of services including inpatient and outpatient rehab support, drug & alcohol detox programs, cognitive-behavioral therapy, holistic treatment, and family therapy.
  • 5th Most Populous MSA in U.S: The Houston MSA boasts both dense demographics as well as one of the world’s largest economies with a 2021 GDP over $537 Billion stemming from its major contributions in the energy, healthcare, biomedical, and aerospace industries.
  • E-Commerce Resistant Property: Medical offices are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
  • Tax-Free State: Texas has zero income tax for real estate investments.
  • Outstanding Reviews: The treatments offered at this facility have succeeded in changing multiple clients lives for the better and have amassed over 150 reviews on Google and Facebook averaging 4.8/5 Stars.
  • In-Network Patient Care: The recovery center works with 12 of the largest health insurance groups offering a new owner confidence that the tenant will continue to attract more and more clients through referrals.
  • Long-Term Operating History: Since 2014, Serenity Light Recovery has been operating out of this facility.

Andrew Fagundo, Michael Moreno, and Rahul Chhajed (in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the TexasAdministrative Code)

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225