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Miscellaneous

Whittier Glen Assisted Living Facility - Absolute NNN Lease

10615 Jordan Rd, Whittier, CA 90603

Listing Price: $10,950,000

Cap Rate
3.55%
Tenant Name
The Pennant Group, Inc. (NASDAQ: PNTG))
Years Remaining On Lease
18.5
Guarantor
Corporate Guarantee
Rentable SF
30,087
Lease Type
Absolute Net
Rent Per Square Feet
$12.91

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. Population exceeds 411,000 residents with average household income exceeding $113,000 (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)

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Miscellaneous

Whittier Glen Assisted Living Facility - Absolute NNN Lease

Listing Price: $10,950,000

Cap Rate
3.55%
Tenant Name
The Pennant Group, Inc. (NASDAQ: PNTG))
Years Remaining On Lease
18.5
Guarantor
Corporate Guarantee
Rentable SF
30,087
Lease Type
Absolute Net
Rent Per Square Feet
$12.91

Investment Highlights

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

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. Population exceeds 411,000 residents with average household income exceeding $113,000 (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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