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Assisted Living Care

Absolute NNN Senior Living

206-208 Winston Ct, Marshall, MI 49068

Listing Price: $7,000,000

Cap Rate
6.00%
Number of Beds
40
Occupancy
100.0%
Price/Bed
$175,000
Lot Size
5.20 acres
Year Built
2018

Investment Overview

Marcus and Millichap is pleased to present the Villa at Winston Court offering 40 Assisted Living and Memory Care units. This Newly constructed building offers residents personalized independent living, assisted living, memory care, and provides end-of-life services. This facility is located at 206- 208 Winston Ct, Marshall, MI 49068. This well-positioned asset is Conveniently Located Less Than Ten Minutes (Six Miles) East of FireKeepers Casino and Ten Minutes (Seven Miles) North of Marshall Country Club, Including an 18-Hole Golf Course, Dining Facilities, and Event Center Next to Lyon Lake.

Investment Highlights

  • Subject Asset Features Two Buildings with a Total of 30,818-Square Feet on a 5.20-Acre Lot and 32 Total Parking Spaces | New Construction
  • Absolute NNN Lease with No Landlord Responsibilities | Annual Two-Percent Rental Escalations Over 15 Year Sale Leaseback | Cap Rate Year One Equals 6.0-Percent (NOI: $420,000), Year 10 Cap Rate is 7
  • Guarantor Has a Strong Track Record in Assisted Living | Facility is a State-of-the-Art Asset with Three Levels of Care Provided: Assisted Living, Memory Care, and Continuum of Care
  • Strategic Location with Excellent Freeway Visibility, Just One Mile South of I-94 (50,800 VPD) and I-69 (29,008 VPD) Interchange | Subject is Located Off of Main City Thoroughfare Michigan Avenue/Business Loop Interstate 94/State Highway M-96 (20,700 VPD)
  • Subject Amenities Include: Pet-Friendly Premises, Beauty/ Barber Shop, Courtyard and Garden, Landscaped Grounds, Walking Paths, Spa, Media Room, Pharmacy, Media Center, & More
  • Subject Property is Located Across from Marshall Plaza Retail Center with Tenants Family Fare Supermarket, Rite Aid, Dollar Tree, AT&T and Taco Bell | Nearby Retailers Include: Subway, Wendy's, McDonald's, AutoZone, Applebee's, Dollar General, Biggby Coffee, and More
  • Property is Adjacent to Three Medical Offices, Including Marshall Family Dentistry, Chmura Orthodontics, and Bronson Family Medicine
  • Two Miles East from Subject is Major Employer Oaklawn Hospital, with Over 1,000 Employees and 94 Beds for Emergency, Psychiatric and Primary Care Services

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Assisted Living Care

Absolute NNN Senior Living

Listing Price: $7,000,000

Cap Rate
6.00%
Number of Beds
40
Occupancy
100.0%
Price/Bed
$175,000
Lot Size
5.20 acres
Year Built
2018

Investment Highlights

  • Subject Asset Features Two Buildings with a Total of 30,818-Square Feet on a 5.20-Acre Lot and 32 Total Parking Spaces | New Construction
  • Absolute NNN Lease with No Landlord Responsibilities | Annual Two-Percent Rental Escalations Over 15 Year Sale Leaseback | Cap Rate Year One Equals 6.0-Percent (NOI: $420,000), Year 10 Cap Rate is 7
  • Guarantor Has a Strong Track Record in Assisted Living | Facility is a State-of-the-Art Asset with Three Levels of Care Provided: Assisted Living, Memory Care, and Continuum of Care
  • Strategic Location with Excellent Freeway Visibility, Just One Mile South of I-94 (50,800 VPD) and I-69 (29,008 VPD) Interchange | Subject is Located Off of Main City Thoroughfare Michigan Avenue/Business Loop Interstate 94/State Highway M-96 (20,700 VPD)
  • Subject Amenities Include: Pet-Friendly Premises, Beauty/ Barber Shop, Courtyard and Garden, Landscaped Grounds, Walking Paths, Spa, Media Room, Pharmacy, Media Center, & More
  • Subject Property is Located Across from Marshall Plaza Retail Center with Tenants Family Fare Supermarket, Rite Aid, Dollar Tree, AT&T and Taco Bell | Nearby Retailers Include: Subway, Wendy's, McDonald's, AutoZone, Applebee's, Dollar General, Biggby Coffee, and More
  • Property is Adjacent to Three Medical Offices, Including Marshall Family Dentistry, Chmura Orthodontics, and Bronson Family Medicine
  • Two Miles East from Subject is Major Employer Oaklawn Hospital, with Over 1,000 Employees and 94 Beds for Emergency, Psychiatric and Primary Care Services

Investment Overview

Marcus and Millichap is pleased to present the Villa at Winston Court offering 40 Assisted Living and Memory Care units. This Newly constructed building offers residents personalized independent living, assisted living, memory care, and provides end-of-life services. This facility is located at 206- 208 Winston Ct, Marshall, MI 49068. This well-positioned asset is Conveniently Located Less Than Ten Minutes (Six Miles) East of FireKeepers Casino and Ten Minutes (Seven Miles) North of Marshall Country Club, Including an 18-Hole Golf Course, Dining Facilities, and Event Center Next to Lyon Lake.

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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