Main Content
- Property Type Income Properties
- Building Size 9,616
About this property
Property Features:
– Lease Terms May be Adjusted to Better Suit Investor Needs.
– Sale-Leaseback Opportunity from Thriving Health and Wellness Organization.
– The Residential OR Commercial Package may be Purchased Individually!
– All Buildings Purchased and Renovated within the Past 5 Years.
– Renovations Vary by Address but Include Fully Interior Renovations, Plumbing and Electrical Upgrades, and Recent Roof HVAC Replacements.
Current Facility Use:
– Highland Avenue and 14th Avenue, Vero Beach Locations – Monitored Sober Living Facilities
Financial Summary – Lease Terms May be Adjusted to Better Suit Investor Needs:
Parent Company: VBREP LLC
Total Square Footage: 9,616
Average Lease Expiration: February 2034 (8 Years Remaining)
Lease Structure: Triple Net (NNN)
Current Base Rent: $207,536.80
Rental Increases: 3% Annual
Renewal Options: Two, 1-Year Options (3% Increases)
Landlord Responsibilities: Roof, Structure, Common Area Maintenance
(All Operating Expenses Billed Back to Tenant Including Amortized
Capital Improvements or Repairs)
Tenant Responsibilities: All Interior Repairs & Maintenance Incl. HVAC
PORTFOLIO SUMMARY: Includes Nine Residential Buildings Totaling 9,616 Square Feet
NOI: $207,536.80
CAP RATE: 7.41%
SALE PRICE: $2,800,000
About this property
Property Features:
- Lease Terms May be Adjusted to Better Suit Investor Needs.
- Sale-Leaseback Opportunity from Thriving Health and Wellness Organization.
- The Residential OR Commercial Package may be Purchased Individually!
- All Buildings Purchased and Renovated within the Past 5 Years.
- Renovations Vary by Address but Include Fully Interior Renovations, Plumbing and Electrical Upgrades, and Recent Roof HVAC Replacements.
Current Facility Use:
- Highland Avenue and 14th Avenue, Vero Beach Locations – Monitored Sober Living Facilities
Financial Summary - Lease Terms May be Adjusted to Better Suit Investor Needs:
Parent Company: VBREP LLC
Total Square Footage: 9,616
Average Lease Expiration: February 2034 (8 Years Remaining)
Lease Structure: Triple Net (NNN)
Current Base Rent: $207,536.80
Rental Increases: 3% Annual
Renewal Options: Two, 1-Year Options (3% Increases)
Landlord Responsibilities: Roof, Structure, Common Area Maintenance
(All Operating Expenses Billed Back to Tenant Including Amortized
Capital Improvements or Repairs)
Tenant Responsibilities: All Interior Repairs & Maintenance Incl. HVAC
PORTFOLIO SUMMARY: Includes Nine Residential Buildings Totaling 9,616 Square Feet
NOI: $207,536.80
CAP RATE: 7.41%
SALE PRICE: $2,800,000
