For Sale
$1,842,525

9004 Wildridge DrAustin, TX 78759

High-Yield, 100% Occupied Senior Living

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 3,537 square foot, fully occupied senior living facility in Austin, Texas. Located at 9004 Wildridge Dr, 78759, this 12-bed ElderCare facility sits on a 0.25-acre lot and boasts a strong financial profile. Built in 1977, the property is currently operating at 100% occupancy, generating a substantial Net Operating Income (NOI) of $147,402 annually, representing an attractive 8.00% cap rate. The asking price is $1,842,525, translating to $520.93 per square foot. The property is subject to a 20-year Triple Net (NNN) lease with annual rent increases of 3.00%, ensuring consistent and growing income. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location with significant long-term potential. The property's strong occupancy rate and favorable lease terms make it an ideal investment for those seeking a secure and profitable addition to their portfolio. The location in Austin, Texas, offers access to a growing population and strong demand for senior living services. This is a turnkey operation ready for immediate income generation.

Property Details for 9004 Wildridge Dr

Property type
Retirement homes
Square Feet
3,537 SF
Year Built
1977
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.3871449
Longitude
-97.7507303
9004 Wildridge Dr, Austin, Texas

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9004 Wildridge Dr
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