TITLE:
REH-Approved Absolute NNN Leased Rural Hospital - Investment Opportunity
CONTROL:
Owner
VALUE:
$6,000,000
LOAN:
$4,000,000
EQUITY:
$2,000,000
TYPE:
Other
HAVE:
20-Year Absolute NNN Leased, REH-Approved Hospital located in Houston, MS. Built in 1957, this 68,418 square-foot facility sits on 7.2 acres.
ADDRESS:
1002 E. Madison Street, Houston, Mississippi
BENEFITS TO NEW OWNER:
Cashflow, Pride of Ownership, Depreciation, Simplicity of Ownership
Mailbox money; investors are paid monthly on, or before, the 15th of each month (see investor deck for more information).
Progressive Health of Houston - Houston, MS
GROSS SCHEDULED INCOME:
$720,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$720,000
EXPENSES:
$0
NOI:
$720,000
DEBT SERVICE:
$480,000
CASH FLOW:
$240,000
CAP RATE:
12.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$4,000,000
$40,000
12%
09/30/2025
No
BENEFITS SOUGHT:
Partner/ JV
$2,450,000 total raise, with $1,800,000 still available for investment.
CAN ADD:
Property, Signature
REMARKS:
To close this transaction, we are using a $4M owner-carry scenario with plans to refinance with a bank loan after 6 months of ownership.
COUNSELOR:
Cory Harkleroad
Signature Partners, LLC
300 W. Douglas, Suite 1031
Wichita, Kansas, 67202
