Solid investment opportunity of a NNN leased 58 bed Nursing Home, leased till June 30 2025 with a 6% rent increase every three years, with the next bump occurring July 1, 2018. Primarily Medicaid long term residents.
Location
Located in the SW quadrant of Albuquerque, New Mexico, this investment property is set in a city as rich in its history and culture as its scenic backdrop. Experience the virtually year-round sunshine, the awe-inspiring Sandia Mountains to the East, and the Rio Grande gracefully flowing through the city.
Highlights
- New HVAC System
- New 60 kW Generator
- New Silicone Coating on Roof with a 10 year warranty
- New Fire Protection System
- New Call Light System
- New Sidewalk
- Asphalt in Good Repair
- Property Type
Multi-Family
- Year Built
1962
- Total Building Size
21,000RSF
- Total Acres
1.67
- Property ID
455623
