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Total Square Feet
43,422 SF
Lease Type
Absolute NNN
Hyper Growth Metro
Nation's 10th Largest City
Year Built | Reno
2012 | 2022
Lot Size
10.0 Acres
Licensed Beds
80 In-Patient | 120 Partial Hospitalization
INVESTMENT HIGHLIGHTS
20-YEAR ABSOLUTE NNN LEASE - Infinite Recovery will commence upon closing a 20-year lease. The lease is absolute NNN, with zero Landlord responsibilities whatsoever, providing investors with a truly passive asset.
ATTRACTIVE ANNUAL RENTAL INCREASES - The lease features 2.5% annual rent increases.
INCOME TAX-FREE STATE - Texas is one of only seven states that has no personal income tax as of 2023. According to the Tax Foundation, its overall state and local tax burden ranked 6th among all states.
AUSTIN MSA ACQUISITION OPPORTUNITY - From 2000-2017, the Austin MSA population grew at just under 3.8% annually, the fastest in the nation. The population continues to grow, not at a population of 2,421,115.
FAVORABLE PAYOR MIX - Infinite Recovery’s payor mix is more than eighty percent (80%+) in-network insurance. This provides more certainty that patient stays will be paid timely and in full.
BEHAVIORAL HEALTH OPERATOR IN A GROWING INDUSTRY - Infinite Recovery offers every level of treatment for drug and alcohol addiction with eight (8) locations across Texas. With no major players dominating the industry, this operator has developed market share quickly since its founding in 2015, now the largest drug & alcohol provider in Travis County. Due to societal changes in awareness and recently enacted legislative advances, the substance use disorder treatment market is blossoming- currently at $37.4 B and forecasted to grow at 7.1% per annum in the next seven years.
RECENT INVESTMENT INTO BUILDING IMPROVEMENTS - In 2022, the tenant invested over $3.0 million into modern building improvements such as HVAC, flooring, bathrooms, and paint.
