Sale Leaseback Portfolio

Property Features:

• Sale-Leaseback Opportunity from Thriving Health and Wellness Organization.
• The Residential OR Commercial Package may be Purchased Individually!
• All Buildings Purchased and Renovated within the Past 5 Years.
• Renovations Vary by Address but Include Fully Interior Renovations, Plumbing and Electrical Upgrades, and Recent Roof HVAC Replacements.

Current Facility Use:

• 1406 16th St Vero Beach, FL 32960 – Mental Health Outpatient Services
  https://behavioralhealth.purhealth.us/
• 6609-6623 N US Highway 1, Fort Pierce, FL 34946 – Detox & Residential
  Impatient Treatment https://recovery.purhealth.us/
• 1581 & 1595 Old Dixie Hwy., Vero Beach FL, 32960 – PHP/IOP Addiction & Substance Abuse Programs
  https://healthandwellness.purhealth.us/
• Highland Avenue and 14 Avenue, Vero Beach Locations – Monitored Sober Living Facilities

Financial Summary:

• Parent Company: VBREP LLC
• Total Square Footage: 34,210
• Residential Square Footage: 9,616
• Commercial Square Footage: 24,594
• Average Lease Expiration: February 2034 (8 Years Remaining)
• Lease Structure: Triple Net (NNN)
• Current Base Rent: $576,745.26
• Rental Increases: 3% Annual
• Renewal Options: Two, 1-Year Options (3% Increases)
• Landlord Responsibilities: Roof, Structure, Common Area Maintenance (All Operating Expenses Billed Back to Tenant Including Amortized Capital Improvements or Repairs)
• Tenant Responsibilities: All Interior Repairs & Maintenance Incl. HVAC

PORTFOLIO SUMMARY: Includes Nine Residential Buildings Totaling 9,616 Square Feet and Four Commercial Buildings Totaling 24,594 Square Feet.
TOTAL SF: 34,210
NOI: $559,640.26
CAP RATE: 7.46%
SALE PRICE: $7,500,000
COMMERCIAL BLDG’S. ONLY: $4,700,000
RESIDENTIAL BLDG’S. ONLY: $2,800,000