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17 Darrin Rd - Active Life Adult Day Care 14,000 SF Health Care Building Offered at $6,219,906 CAD at a 8% Cap Rate in Dracut, MA 01826



INVESTMENT HIGHLIGHTS
- Long Lease Term
- Minimal Landlord Responsibilities
- Recession & E-Commerce Resistant Tenant
- Attractive Rent Increase
- Strategic Retail Location
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the stand-alone ActiveLife Adult Day Care investment property located at 17 Darrin Road in Dracut, Massachusetts (the “Property”). ActiveLife Adult Day Care has 13 years remaining on their 20-year lease with two (2), 5-year renewal options. The lease includes attractive 3% rental increases every three years throughout the initial term and renewal option periods. ActiveLife Adult Day Care is located along Darrin Road, just off Lakeview Avenue and seconds from the signalized intersection with Mammoth Road, the area’s primary commercial and commuter corridors. Positioned in the heart of Dracut, the site is convenient to the area’s retailers and restaurants and is surrounded by residential neighborhoods providing a built-in customer base. The Property is close to NH Routes 28, 113 and 38, and is approximately 5 miles from Northwest Expressway (US Highway 3) and Interstate 495. The Property also provides convenient access to Downtown Lowell, just 3.5 miles to the south. Dracut is located in northeastern Massachusetts, approximately 3.5 miles from Lowell, 9 miles from Nashua, New Hampshire, and 30 miles to Downtown Boston, Massachusetts.
PROPERTY FACTS
| Price | $6,219,906 CAD | Building Class | B |
| Price Per Bed | $6,219,906 CAD | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 14,000 SF |
| Cap Rate | 8% | No. Beds | 1 |
| Property Type | Health Care | No. Stories | 2 |
| Property Subtype | Skilled Nursing Facility | Year Built/Renovated | 1985/2017 |
| Zoning | BI | ||
| Price | $6,219,906 CAD |
| Price Per Bed | $6,219,906 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Health Care |
| Property Subtype | Skilled Nursing Facility |
| Building Class | B |
| Lot Size | 0.56 AC |
| Building Size | 14,000 SF |
| No. Beds | 1 |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2017 |
| Zoning | BI |
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PROPERTY TAXES
| Parcel Number | DRAC-000032-000121-000001 | Improvements Assessment | $584,751 CAD |
| Land Assessment | $310,954 CAD | Total Assessment | $895,705 CAD |
PROPERTY TAXES
Parcel Number
DRAC-000032-000121-000001
Land Assessment
$310,954 CAD
Improvements Assessment
$584,751 CAD
Total Assessment
$895,705 CAD
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17 Darrin Rd - Active Life Adult Day Care
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