For Sale
Call for price

3900 Destination PkwyOrlando, FL 32819

Class A Memory Care Facility, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, Class A, 41,032 square foot memory care facility located in Orlando, Florida. Built in 2020, this single-building property sits on a 5.65-acre lot at 3900 Destination Pkwy, 32819, within Orange County. The facility boasts 64 beds and currently enjoys 100% occupancy, generating a substantial Net Operating Income (NOI) of $1,500,000. The sale is structured as a sale-leaseback with a 25-year triple-net (NNN) lease in place, providing long-term, stable cash flow. This is a highly desirable investment in a resilient sector, benefiting from a strong and growing demographic of seniors in the area, coupled with its proximity to key decision-makers. The property's location in an infill area of Orlando further enhances its value and potential for long-term appreciation. This is a rare opportunity to acquire a high-performing, modern memory care facility with a secure, long-term lease. The property's exceptional financial performance and strategic location make it an ideal addition to any portfolio seeking stable returns and significant growth potential within the senior housing market. The sale-leaseback structure minimizes operational responsibilities while maximizing financial returns.

Highlights

  • Brand new 25-year NNN lease.
  • 100% occupied, sale-leaseback opportunity.
  • Senior housing property; pandemic-resistant and economically resilient sector.
  • Strong demographics with a substantial and growing younger population nearby.
  • Excellent location with close proximity to key decision-makers.
  • Robust surrounding demographics.

Property Details for 3900 Destination Pkwy

Property type
Specialty properties, Retirement homes
Square Feet
41,032 SF
Class
A
Year Built
2020
Buildings
1
Lot Size (sq. ft)
246,114 SF

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.4238837
Longitude
-81.4589725
3900 Destination Pkwy, Orlando, Florida

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3900 Destination Pkwy
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