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Miscellaneous

Citrus Hills Assisted Living Facility - Absolute NNN Lease

142 S Prospect St, Orange, CA 92869

Listing Price: $19,940,000

Cap Rate
3.51%
Tenant Name
Pennant Services, Inc (NASDAQ: PNTG)
Years Remaining On Lease
18.5
Guarantor
Corporate Guarantee
Rentable SF
25,789
Lease Type
Absolute Net
Rent Per Square Feet
$27.11

Investment Overview

Absolute NNN leased Assisted Living Facility operated by Pennant Services, Inc. (NASDAQ: PNTG) with an additional corporate guaranty from The Ensign Group, Inc. (NASDAQ: ENSG). The lease calls for annual CPI rent increases not to be less than 2.5 percent and not more than 5.5 percent. The population exceeds 490,000 residents and the average household income exceeds $120,000 (five-mile).

Investment Highlights

  • Absolute NNN Assisted Living Facility - Zero Landlord Responsibilities
  • Long-Term Lease - 19 Years Remaining
  • Corporate Guaranty - The Ensign Group, Inc (NASDAQ: ENSG)
  • Up to 5.5-Percent Annual Rent Increases

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Miscellaneous

Citrus Hills Assisted Living Facility - Absolute NNN Lease

Listing Price: $19,940,000

Cap Rate
3.51%
Tenant Name
Pennant Services, Inc (NASDAQ: PNTG)
Years Remaining On Lease
18.5
Guarantor
Corporate Guarantee
Rentable SF
25,789
Lease Type
Absolute Net
Rent Per Square Feet
$27.11

Investment Highlights

  • Absolute NNN Assisted Living Facility - Zero Landlord Responsibilities
  • Long-Term Lease - 19 Years Remaining
  • Corporate Guaranty - The Ensign Group, Inc (NASDAQ: ENSG)
  • Up to 5.5-Percent Annual Rent Increases

Investment Overview

Absolute NNN leased Assisted Living Facility operated by Pennant Services, Inc. (NASDAQ: PNTG) with an additional corporate guaranty from The Ensign Group, Inc. (NASDAQ: ENSG). The lease calls for annual CPI rent increases not to be less than 2.5 percent and not more than 5.5 percent. The population exceeds 490,000 residents and the average household income exceeds $120,000 (five-mile).

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

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