'); Colliers International | Properties | Net-Lease Offering | Village Green Alzheimer's Care

Net-Lease Offering | Village Green Alzheimer's Care

14520 Huffmeister Road Cypress, TX 77429

  • 10,000 Square Feet
  • Healthcare-Medical Multifamily-Apartment
  • For Sale

Summary Description

Village Green provides a resident centered memory care program designed to meet the specific and unique needs of those with Alzheimer’s and other memory impairment. Its home provides familiar surroundings that reassure the resident’s sense of safety and promotes purposeful meaning to each day. The modest size of Village Green allows them to have a totally different and personal approach to meeting individual needs.

The environment design of Village Green helps promote a higher quality of life. The design includes secure exterior doorways, increased space for activities both inside and outside the community, beautiful serene courtyard and cozy independent areas. This promotes maximum resident freedom. The décor and layout of the entire community has been designed to calm and soothe our memory care resident.

Special attention to color, lighting, texture, furnishings, and other features may help alleviate frustration and confusion for the memory care resident. Memory orientation, such as signage, enhances the resident’s sense of time and location. This home offers 16 private suites, a secured outdoor courtyard, security cameras, escort services, housekeeping, three nutritious home cooked meals with snacks and beverages throughout the day, nurse on call 24/7, spa bath, professional hair salon and many other amenities. This concept is now expanding across the Houston MSA due to its success.

Area Available: 10,000 Square Feet

Purchase Price:

$3,323,000

NOI:

$216,000

Cap Rate:

6.5%

Features:

  • New 15 year absolute NNN lease to commence at close of escrow
  • 10% rental increases every five years with three 5-year renewal options
  • Lease will be personally guaranteed by two principals of Village Green Alzheimer’s Care Home, LLC
  • Brand new construction 10,000-square-foot facility located on .8436 acres of land
  • Village Green Alzheimer’s Care is growing their successful concept and currently undergoing expansion across the greater Houston MSA
  • Dense population with 76,990 and 227,748 people within a three and five mile radius respectively
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