Commercial Real Estate in Decatur available for sale
Decatur Theaters For Sale

Theaters for Sale within 10 kilometers of Decatur, GA, USA

More details for 1300 Montreal Rd, Tucker, GA - Health Care for Sale

Potential Conversion to Behavioral Health - 1300 Montreal Rd

Tucker, GA 30084

  • Theater
  • Health Care for Sale
  • $8,326,860 CAD
  • 42,528 SF
  • Wheelchair Accessible

Tucker Health Care for Sale - Northlake/Lavista

Bull Realty is pleased to present this Assisted Living Facility for potential conversion to Behavioral Health. The ±42,528 SF building has 63 units. The facility located in Tucker, GA, a suburb of Atlanta, is widely recognized as one of the most dynamic and fastest-growing economies in the Southeast. The local economy is powered by a workforce of over 18,000 employees, primarily concentrated in professional, scientific, and technical services, as well as healthcare and retail trade. Major industrial players like PepsiCo—which recently underwent a significant $260 million expansion—and the continued growth of occupational health services like Concentra anchor the city's manufacturing and service sectors. Located 28 miles from the Atlanta Airport. In the real estate sector, Tucker remains a sought-after "In-town" alternative with a median home sale price hovering around $514,874. While the broader Atlanta metro area is seeing some market corrections, Tucker's high homeownership rate of 64% and steady demand for turnkey family homes contribute to its reputation as a resilient community for both residents and investors. Amenities include a professional kitchen, theater, beauty salon and more. The property offers assisted living with a professional care staff and memory care services. STRONG DEMOGRAPHICS • Average Net Worth: $1,300,575 • Average Household Income: $131,968 • Average Home Value: $514,874 • Unmet Demand (20 mile): 7,000+ beds PROPERTY HIGHLIGHTS • List Price: $6,000,000 • Pro Forma Gross Revenue: $11,862,500 ($500 ADR growing at 3%) • Forecast NOI: $830,375 (Year 1 Pro Forma Revenue) • CoStar Average National CAP & Sold Comps: 7.1% & $466/SF • 2025 Weitz Replacement Cost (Construction cost only): $343/SF • O-I Zoning allows Behavioral Use by right PRO FORMA HIGHLIGHTS (5-Year Hold) • Property Qualifies for a SBA 504 Loan: 25-year term, 85% LTC, and 5.722% interest • Pro Forma Vacancy: 65% (Year 1), 35% (Year 2) 20% (Years 3 - 10) • % Occupancy Break-even (Year 1): 31.3% • IRR: 117.34% • Cash on Cash: 40.22% • Acquisition CAP Rate: 13.41% • Debt Service Coverage Ratio: 2.10 • Projected Sales Year 5: $21.3 million • Sales proceeds after expenses: $16.1million

Contact:

Bull Realty Inc.

Property Subtype:

Assisted Living

Date on Market:

2026-03-13

Hide
See More
More details for 5706 Memorial Dr, Stone Mountain, GA - Land for Sale

4.75 Acre Redevelopment Site - 5706 Memorial Dr

Stone Mountain, GA 30083

  • Theater
  • Land for Sale
  • $2,428,667 CAD
  • 4.75 AC Lot
See More

Theaters For Sale

Theaters

Looking to lease a Theater? View Theaters for lease