Please read all of these remarks. Great 5.5 Cap rate potential with 2.5% annual increase. Leased long term to existing business operator plus cell site lease in negotiation ($2,000 per month). This offering is for the real estate only. It DOES NOT include the business. 2 fully licensed Residential Care Facilities on 1 acre with views in Mission Valley. Tenant pays everything but taxes and insurance. Built as a 2 on 1, it has multiple zoning use possibilities. Potential for later development. Operator has lease for 5 years and wants to execute longer lease. Do not go on property without an appointment. Elderly patients on property. Pull into elevated parking lot on right to see it. Interior viewing appointment with accepted offer.This is a great exchange or passive investment! You get a fixed check each month! 5.5% cap with AMAZING future potential for a larger development. Buyer to negotiate and accept responsibility for cell lease.
Listing courtesy of Sea Cliff Real Estate
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