Skip to main content

Assisted Living Care

Harris County MC/ALZ

3 Riverway, Houston, TX 77056

Listing Price: Request For Offer

Number of Beds
16
Gross SF
10,190
Occupancy
83.5%
Lot Size
1.00 acres
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to present investors the opportunity to acquire Village Green Alzheimer’s Care Home located in Tomball, Harris County, TX. Built in 2018, the property consists of a 10,190 square-foot, free standing building situated on one acre of land. With a total of 16 private units, this community delivers wonderful amenities and care in a home-like setting . Village Green offers the opportunity to acquire a long-term lease with annual rental increases throughout its base term and three, 5-year option periods. The Absolute NNN lease features zero landlord responsibilities providing investors a truly passive income structure. Village Green is just a 7-minute walk from Tomball Regional Medical Center and in close proximity to additional Seniors facilities and national retail tenants including Walmart, Target, Kroger, Lowe’s, and many more. The city of Tomball is approximately 30 miles northwest of downtown Houston and has experienced both population and business growth in the past few years. The Covid-19 pandemic sent a shockwave across the seniors housing spectrum with the greatest brunt of the impact in census. Despite the negative effects of Covid-19, Village Green’s management did an exceptional job of not only protecting its residents, but maintaining occupancy and a healthy, cash flowing business. Village Green Alzheimer’s Care operating platform has successfully grown to 7 locations throughout Greater Houston and is currently expanding their proven concept with 2 new homes in north Texas. Their mission is to enrich the lives of their residents while promoting specialized care and safety in a peaceful atmosphere.

Investment Highlights

  • Healthy Rent Coverage
  • Well - Located
  • Business Friendly Climate

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Assisted Living Care

Harris County MC/ALZ

Listing Price: Request For Offer

Number of Beds
16
Gross SF
10,190
Occupancy
83.5%
Lot Size
1.00 acres
Year Built
2018

Investment Highlights

  • Healthy Rent Coverage
  • Well - Located
  • Business Friendly Climate

Investment Overview

Marcus & Millichap is pleased to present investors the opportunity to acquire Village Green Alzheimer’s Care Home located in Tomball, Harris County, TX. Built in 2018, the property consists of a 10,190 square-foot, free standing building situated on one acre of land. With a total of 16 private units, this community delivers wonderful amenities and care in a home-like setting . Village Green offers the opportunity to acquire a long-term lease with annual rental increases throughout its base term and three, 5-year option periods. The Absolute NNN lease features zero landlord responsibilities providing investors a truly passive income structure. Village Green is just a 7-minute walk from Tomball Regional Medical Center and in close proximity to additional Seniors facilities and national retail tenants including Walmart, Target, Kroger, Lowe’s, and many more. The city of Tomball is approximately 30 miles northwest of downtown Houston and has experienced both population and business growth in the past few years. The Covid-19 pandemic sent a shockwave across the seniors housing spectrum with the greatest brunt of the impact in census. Despite the negative effects of Covid-19, Village Green’s management did an exceptional job of not only protecting its residents, but maintaining occupancy and a healthy, cash flowing business. Village Green Alzheimer’s Care operating platform has successfully grown to 7 locations throughout Greater Houston and is currently expanding their proven concept with 2 new homes in north Texas. Their mission is to enrich the lives of their residents while promoting specialized care and safety in a peaceful atmosphere.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower