Government
Absolute NNN Buckeye PACE
2701 Market St, Youngstown, OH 44507
Listing Price: $2,841,000
Investment Overview
Buckeye PACE New 15-Year Abs NNN Lease in Youngstown, OH. All-Inclusive Facility Providing Primary & Specialty Physician Services, Family & Caregiver Support, Nutritional Counseling, Family-Style Meals, Therapy & Exercise, Home Care, Transportation, and More. 11,356 SF Building on 1.36-Acre Hard-Corner Site with 21,987 VPD. Dense, Infill Demographics with 11,740/1-Mi, 66,500/3-Mi & 153,500/5-Mi Population Counts. Regional-Draw – Only PACE Facility Serving Eligible Mahoning County 55+ Seniors (228,000 Population).
Absolute NNN Buckeye PACE
Investment Highlights
- Buckeye PACE New 15-Year Abs NNN Lease in Youngstown, OH
- Essential Medical Business – Federally & State-Funded (Medicare & Medicaid) PACE Program (Program for All- Inclusive Senior Care)
- Tenant Invested Nearly $2 Million of their Own Funds to Retrofit Former Rite Aid and Build-Out Senior Care Facility
- Zero Landlord Responsibilities – Tenant Self-Maintains CAM & Insurance and Fully Reimburses RE Taxes; Tenant Responsible for All CapEx
- 10% Increases Every 5 Years During Initial Term and Three, 5-Yr Options - +73 bps to CAP in 2030 and +79 bps to CAP in 2035
- All-Inclusive Facility Providing Primary & Specialty Physician Services, Family & Caregiver Support, Nutritional Counseling, Family-Style Meals, Therapy & Exercise, Home Care, Transportation, and More
- Zero Direct Competition – Opening of New PACE Programs/Facilities is Controlled by both Federal & State Government Agencies and Operation of PACE Programs & Facilities is Highly Regulated
- Carries Corporate Guaranty from One Senior Care Inc. – Operator of 3 PACE Programs in OH, PA, KY & VA
Exclusively Listed By
Listing Price: $2,841,000
Investment Highlights
- Buckeye PACE New 15-Year Abs NNN Lease in Youngstown, OH
- Essential Medical Business – Federally & State-Funded (Medicare & Medicaid) PACE Program (Program for All- Inclusive Senior Care)
- Tenant Invested Nearly $2 Million of their Own Funds to Retrofit Former Rite Aid and Build-Out Senior Care Facility
- Zero Landlord Responsibilities – Tenant Self-Maintains CAM & Insurance and Fully Reimburses RE Taxes; Tenant Responsible for All CapEx
- 10% Increases Every 5 Years During Initial Term and Three, 5-Yr Options - +73 bps to CAP in 2030 and +79 bps to CAP in 2035
- All-Inclusive Facility Providing Primary & Specialty Physician Services, Family & Caregiver Support, Nutritional Counseling, Family-Style Meals, Therapy & Exercise, Home Care, Transportation, and More
- Zero Direct Competition – Opening of New PACE Programs/Facilities is Controlled by both Federal & State Government Agencies and Operation of PACE Programs & Facilities is Highly Regulated
- Carries Corporate Guaranty from One Senior Care Inc. – Operator of 3 PACE Programs in OH, PA, KY & VA
Investment Overview
Buckeye PACE New 15-Year Abs NNN Lease in Youngstown, OH. All-Inclusive Facility Providing Primary & Specialty Physician Services, Family & Caregiver Support, Nutritional Counseling, Family-Style Meals, Therapy & Exercise, Home Care, Transportation, and More. 11,356 SF Building on 1.36-Acre Hard-Corner Site with 21,987 VPD. Dense, Infill Demographics with 11,740/1-Mi, 66,500/3-Mi & 153,500/5-Mi Population Counts. Regional-Draw – Only PACE Facility Serving Eligible Mahoning County 55+ Seniors (228,000 Population).
Exclusively Listed By
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