±33,906 SF Assisted Living Facility 2115 Point Mallard Dr SE Immeuble | 3 150 m² | Soins de santé | À vendre 3 278 906 € | Decatur, AL 35601

Located in Decatur, Alabama, this building is in A “Senior-Heavy” Market: Decatur’s 65+ population (approximately 18.1% of the city) is slightly higher than the national average. When looking at the broader MSA, nearly 1 in 5 residents is a senior, indicating a high density target market for assisted living services.

Regional Draw: As the second-largest city in the Huntsville-Decatur Combined Statistical Area (CSA)—a region with over 880,000 people—Decatur acts as a primary service hub for the more rural parts of Lawrence and Limestone counties.

Economic Stability: With a median household income of approximately $63,987 and a cost of living roughly 12% below the national average, residents have higher-than-average discretionary income for private-pay senior care options for care.

STRONG MARKET
• Average Net Worth (Age 75+): $1,696,281
• Average Household Income (Age 75+): $70,747
• Average Home Value: $361,052
• Unmet Demand (10 mile): 196 Beds

PROPERTY HIGHLIGHTS
• List Price: $3,800,000
• Gross Revenue: $2,174,408 (Actual)
• Occupancy: 70.5% November (Actual)
• Forecast NOI: $543,602 (normalizing expenses to 75% of Gross Revenue)
• CoStar Southeast Sold Comps:$233/SF
• 2024 Weitz Replacement Cost (Construction cost only): $273/SF

FINANCIAL HIGHLIGHTS (5-Year Hold)
• Property Qualifies for a SBA 504 Loan: 25-year term, 85% LTC, and 5.856% interest
• Using 29.5% Year 1, 19% Year 2, and 10% Years 3-10
• Revenue growth: 5% per year
• IRR: 83.11%
• Cash on Cash: 33.16%
• Acquisition CAP Rate: 12.3%
• Debt Service Coverage Ratio: 1.9
• Projected Sales Year 5: $9.5 million
• Sales proceeds after expenses: $6.3 million