4650 Ranch RdSachse, TX 75048

For Sale
$6,669,086

Sachse, TX: High-Occupancy Senior Living

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 14,000-square-foot Alzheimer's care home, built in 2023 and located at 4650 Ranch Road in Sachse, Texas, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong NOI of $466,836, this stabilized property offers a 7.00% cap rate. The property features 20 individual bedrooms and sits on a 1.04-acre lot. A brand-new, 16-year absolute net lease is in place, featuring built-in rent escalations every five years and three, five-year renewal options, ensuring long-term financial stability. The property benefits from its strategic location near the intersection of Ranch Road and State Highway 78, surrounded by residential developments. The tenant, Village Green Alzheimer's Care, is a growing company expanding across Texas. The surrounding area boasts a strong demographic profile, with a median household income exceeding $108,832 within three miles and a population exceeding 210,000 within five miles. The asking price is $6,669,086, representing a price per square foot of $476.36 and a land value price per square foot of $159.15. This turnkey investment offers significant potential for long-term returns.

Property Details for 4650 Ranch Rd

Property type
Other specialty properties, Retirement homes
Square Feet
14,000 SF
Year Built
2023
Lot Size (sq. ft)
45,302 SF

Location Insight

City
Sachse
County
Collin
State
Texas
Latitude
32.9888742
Longitude
-96.5790943
4650 Ranch Rd, Sachse, Texas

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4650 Ranch Rd
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