investment opportunity - loopnet...portfolio, click on logo $900,000 ($297.03/sf) listing price...

Investment

OpportunityThree Senior Care Facilities to be Leased back to Seller

9133 112th Ave NE, Kirkland, WA 98033 | mccallenandsons.com | 425.822.9752 | wesellstations.com

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it.

Jim Krieger425.770.0361 (o) | [email protected]

3 The Offering

4 Property Location

5 Golden Care Adult Family Home

7 Choice One Care Adult Family Home

9 First Choice Care Adult Family Home

11 Kent Economic Development

12 About Adult Care

13 Demographics

mailto:jim%40jimkrieger.com?subject=Interested%20in%20Adult%20Home%20Care

Jim Krieger425.770.0361 (o) | [email protected] Offering

View drone footage of portfolio, click on logo

$900,000 ($297.03/SF)Listing Price

8.63%CAP Rate

±.25 AcresLot Size

±3,030 SFBuilding Size

1999Year Renovated

1957Year Built

Golden Care Adult Family Home

Choice One Care Adult Family Home

First Choice Care Adult Family Home

$1,100,000 ($311.61/SF)Listing Price

7.92%CAP Rate

±.84 AcresLot Size


2003Year Renovated

1961Year Built

$1,100,000 ($226.34/SF)Listing Price

7.80%CAP Rate

±.49 AcresLot Size


2004Year Renovated

1954Year Built

All three homes have layouts specifically to suit assisted living needs

Demand for assisted living facilities is expected to double in the next 30 years

Seller would use proceeds to open up more facilities as they do not have enough beds to keep up with demand

Seller is a well-established home family care company with strong financials


https://vimeo.com/302644040

Choice One Care Adult Family Home13017 SE 208th St.


22028 108th Ave SE.

Golden Care Adult Family Home

21203 108th Ave. SE

MultiCare Kent Urgent Care

Concentra Urgent Care

Valley Medical Center

CityMD Kent Urgent Care Center MultiCare

Covington Urgent Care

Valley Medical Center

AFC Urgent Care Southcenter

Click on property photo for more information

Jim Krieger425.770.0361 (o) | [email protected] Location


515

SE 212th S

t.Jim Krieger

425.770.0361 (o) | [email protected] Care Adult Family Home

Golden Care Adult Family Home21203 108th Ave SE,

Kent, WA 98031


Jim Krieger425.770.0361 (o) | [email protected] Care Adult Family Home

$900,000 ($297.03/SF)Listing Price

8.63%CAP Rate

±.25 AcresLot Size


1999Year Renovated

1957Year Built


SE 208th St. SE 208th St.

Jim Krieger425.770.0361 (o) | [email protected] One Care Adult Family Home

Choice One Care Adult Family Home13017 SE 208th St.,

Kent, WA 98031

Potential to build additional facility on lot. Two new heat pumps recently

installed.



$1,100,000 ($311.61/SF)Listing Price

7.92%CAP Rate

±.84 AcresLot Size


2003Year Renovated

1961Year Built

Choice One Care Adult Family Home

Potential to build additional facility on lot. Two new heat pumps recently installed.


Jim Krieger425.770.0361 (o) | [email protected] Choice Care Adult Family Home

First Choice Care Adult Family Home22028 108th Ave. SE,

Kent, WA 98031



$1,100,000 ($226.34/SF)Listing Price

7.80%CAP Rate

±.49 AcresLot Size


2004Year Renovated

1954Year Built



Jim Krieger425.770.0361 (o) | [email protected] Economic Development

Largest city in the state of Washington

“Most diverse city in the U.S” -WallletHub, 2017

From both Seattle and Tacoma

“One of the fastest growing cities” - WalletHub, 2018


Jim Krieger425.770.0361 (o) | [email protected] Adult Care

Current seniors live in the U.S. (14.5% of Americans are 65+)

Continuing care retirement communities in the US and growing

Americans that will be 65 or older by

year 2060

For more info, click here


https://www.seniorliving.org/research/

Visit www.wesellstations.com to see other station and convenience store opportunities listed for sale

Demographic Source: Applied Geographic Solutions 10/2018, TIGER Geography page 1 of 3©2018, Sites USA, Chandler, Arizona, 480-491-1112

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FULL PROFILE2000-2010 Census, 2018 Estimates with 2023 ProjectionsCalculated using In/Out MSA

Lat/Lon: 47.3809/-122.2348RF1

Kent, WAKent King Seattle-Taco

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2018 Estimated Population 129,367 2,224,327 3,926,5182023 Projected Population 137,677 2,373,875 4,234,6982010 Census Population 118,589 1,931,249 3,439,8092000 Census Population 103,655 1,737,384 3,043,869Projected Annual Growth 2018 to 2023 1.3% 1.3% 1.6%Historical Annual Growth 2000 to 2018 1.4% 1.6% 1.6%

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S 2018 Estimated Households 46,297 924,417 1,566,4232023 Projected Households 49,798 993,497 1,673,8942010 Census Households 42,540 789,232 1,357,4752000 Census Households 39,181 711,048 1,196,576Projected Annual Growth 2018 to 2023 1.5% 1.5% 1.4%Historical Annual Growth 2000 to 2018 1.0% 1.7% 1.7%

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2018 Est. Population Under 10 Years 13.6% 11.5% 12.1%2018 Est. Population 10 to 19 Years 13.5% 11.0% 11.5%2018 Est. Population 20 to 29 Years 14.5% 14.4% 14.1%2018 Est. Population 30 to 44 Years 22.2% 23.9% 22.7%2018 Est. Population 45 to 59 Years 19.4% 19.8% 19.9%2018 Est. Population 60 to 74 Years 12.5% 14.0% 14.3%2018 Est. Population 75 Years or Over 4.2% 5.4% 5.3%2018 Est. Median Age 34.2 36.6 36.6

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2018 Est. Male Population 50.2% 50.1% 50.0%2018 Est. Female Population 49.8% 49.9% 50.0%

2018 Est. Never Married 36.1% 34.9% 33.0%2018 Est. Now Married 43.9% 47.3% 47.5%2018 Est. Separated or Divorced 15.8% 13.7% 15.1%2018 Est. Widowed 4.2% 4.2% 4.4%

INC

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2018 Est. HH Income $200,000 or More 8.8% 17.3% 13.6%2018 Est. HH Income $150,000 to $199,999 9.1% 11.1% 10.1%2018 Est. HH Income $100,000 to $149,999 18.1% 18.6% 18.7%2018 Est. HH Income $75,000 to $99,999 13.6% 12.5% 13.7%2018 Est. HH Income $50,000 to $74,999 16.9% 13.7% 15.3%2018 Est. HH Income $35,000 to $49,999 11.6% 9.1% 9.8%2018 Est. HH Income $25,000 to $34,999 7.3% 5.5% 5.9%2018 Est. HH Income $15,000 to $24,999 6.4% 5.1% 5.6%2018 Est. HH Income Under $15,000 8.3% 7.2% 7.3%2018 Est. Average Household Income $94,892 $129,510 $117,4422018 Est. Median Household Income $74,424 $93,975 $86,1392018 Est. Per Capita Income $34,220 $54,022 $47,074

2018 Est. Total Businesses 4,862 106,525 165,9942018 Est. Total Employees 63,063 1,194,827 1,822,674


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Lat/Lon: 47.3809/-122.2348RF1


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2018 Est. White 50.7% 63.8% 67.6%2018 Est. Black 11.7% 7.0% 6.4%2018 Est. Asian or Pacific Islander 22.4% 19.0% 14.9%2018 Est. American Indian or Alaska Native 0.8% 0.7% 0.9%2018 Est. Other Races 14.4% 9.5% 10.1%

HIS

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NIC 2018 Est. Hispanic Population 20,117 214,699 393,944

2018 Est. Hispanic Population 15.6% 9.7% 10.0%2023 Proj. Hispanic Population 15.1% 9.7% 10.2%2010 Hispanic Population 15.0% 8.9% 9.0%

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2018 Est. Adult Population (25 Years or Over) 86,236 1,593,408 2,760,5322018 Est. Elementary (Grade Level 0 to 8) 6.4% 3.2% 3.0%2018 Est. Some High School (Grade Level 9 to 11) 7.1% 3.7% 4.3%2018 Est. High School Graduate 25.1% 15.1% 19.5%2018 Est. Some College 22.8% 18.3% 21.5%2018 Est. Associate Degree Only 11.6% 8.3% 9.4%2018 Est. Bachelor Degree Only 18.9% 31.0% 26.2%2018 Est. Graduate Degree 8.1% 20.4% 15.9%

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ING 2018 Est. Total Housing Units 47,442 951,622 1,615,031

2018 Est. Owner-Occupied 54.2% 54.2% 57.5%2018 Est. Renter-Occupied 43.4% 43.0% 39.5%2018 Est. Vacant Housing 2.4% 2.9% 3.0%

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R 2010 Homes Built 2005 or later 1.8% 2.7% 2.5%2010 Homes Built 2000 to 2004 13.4% 15.6% 17.2%2010 Homes Built 1990 to 1999 20.9% 15.4% 18.0%2010 Homes Built 1980 to 1989 22.4% 17.2% 17.1%2010 Homes Built 1970 to 1979 19.3% 17.1% 17.0%2010 Homes Built 1960 to 1969 13.3% 13.7% 12.6%2010 Homes Built 1950 to 1959 6.6% 10.4% 8.9%2010 Homes Built Before 1949 7.5% 20.1% 17.1%

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2010 Home Value $1,000,000 or More 3.1% 6.2% 3.9%2010 Home Value $500,000 to $999,999 24.0% 43.4% 31.3%2010 Home Value $400,000 to $499,999 12.5% 15.8% 15.5%2010 Home Value $300,000 to $399,999 27.6% 20.2% 23.4%2010 Home Value $200,000 to $299,999 23.6% 12.7% 21.0%2010 Home Value $150,000 to $199,999 6.1% 3.3% 6.0%2010 Home Value $100,000 to $149,999 2.7% 1.4% 2.9%2010 Home Value $50,000 to $99,999 1.6% 0.8% 1.3%2010 Home Value $25,000 to $49,999 1.8% 0.8% 1.1%2010 Home Value Under $25,000 2.7% 1.3% 1.7%2010 Median Home Value $356,547 $493,074 $391,7462010 Median Rent $1,091 $1,295 $1,195


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Lat/Lon: 47.3809/-122.2348RF1


ma-Bellevue

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2018 Est. White 50.7% 63.8% 67.6%2018 Est. Black 11.7% 7.0% 6.4%2018 Est. Asian or Pacific Islander 22.4% 19.0% 14.9%2018 Est. American Indian or Alaska Native 0.8% 0.7% 0.9%2018 Est. Other Races 14.4% 9.5% 10.1%

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NIC 2018 Est. Hispanic Population 20,117 214,699 393,944

2018 Est. Hispanic Population 15.6% 9.7% 10.0%2023 Proj. Hispanic Population 15.1% 9.7% 10.2%2010 Hispanic Population 15.0% 8.9% 9.0%

ED

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2018 Est. Adult Population (25 Years or Over) 86,236 1,593,408 2,760,5322018 Est. Elementary (Grade Level 0 to 8) 6.4% 3.2% 3.0%2018 Est. Some High School (Grade Level 9 to 11) 7.1% 3.7% 4.3%2018 Est. High School Graduate 25.1% 15.1% 19.5%2018 Est. Some College 22.8% 18.3% 21.5%2018 Est. Associate Degree Only 11.6% 8.3% 9.4%2018 Est. Bachelor Degree Only 18.9% 31.0% 26.2%2018 Est. Graduate Degree 8.1% 20.4% 15.9%

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ING 2018 Est. Total Housing Units 47,442 951,622 1,615,031

2018 Est. Owner-Occupied 54.2% 54.2% 57.5%2018 Est. Renter-Occupied 43.4% 43.0% 39.5%2018 Est. Vacant Housing 2.4% 2.9% 3.0%

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R 2010 Homes Built 2005 or later 1.8% 2.7% 2.5%2010 Homes Built 2000 to 2004 13.4% 15.6% 17.2%2010 Homes Built 1990 to 1999 20.9% 15.4% 18.0%2010 Homes Built 1980 to 1989 22.4% 17.2% 17.1%2010 Homes Built 1970 to 1979 19.3% 17.1% 17.0%2010 Homes Built 1960 to 1969 13.3% 13.7% 12.6%2010 Homes Built 1950 to 1959 6.6% 10.4% 8.9%2010 Homes Built Before 1949 7.5% 20.1% 17.1%

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2010 Home Value $1,000,000 or More 3.1% 6.2% 3.9%2010 Home Value $500,000 to $999,999 24.0% 43.4% 31.3%2010 Home Value $400,000 to $499,999 12.5% 15.8% 15.5%2010 Home Value $300,000 to $399,999 27.6% 20.2% 23.4%2010 Home Value $200,000 to $299,999 23.6% 12.7% 21.0%2010 Home Value $150,000 to $199,999 6.1% 3.3% 6.0%2010 Home Value $100,000 to $149,999 2.7% 1.4% 2.9%2010 Home Value $50,000 to $99,999 1.6% 0.8% 1.3%2010 Home Value $25,000 to $49,999 1.8% 0.8% 1.1%2010 Home Value Under $25,000 2.7% 1.3% 1.7%2010 Median Home Value $356,547 $493,074 $391,7462010 Median Rent $1,091 $1,295 $1,195


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Lat/Lon: 47.3809/-122.2348RF1


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N2018 Estimated Population 129,367 2,224,327 3,926,5182023 Projected Population 137,677 2,373,875 4,234,6982010 Census Population 118,589 1,931,249 3,439,8092000 Census Population 103,655 1,737,384 3,043,869Projected Annual Growth 2018 to 2023 1.3% 1.3% 1.6%Historical Annual Growth 2000 to 2018 1.4% 1.6% 1.6%

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E2018 Est. Population Under 10 Years 13.6% 11.5% 12.1%2018 Est. Population 10 to 19 Years 13.5% 11.0% 11.5%2018 Est. Population 20 to 29 Years 14.5% 14.4% 14.1%2018 Est. Population 30 to 44 Years 22.2% 23.9% 22.7%2018 Est. Population 45 to 59 Years 19.4% 19.8% 19.9%2018 Est. Population 60 to 74 Years 12.5% 14.0% 14.3%2018 Est. Population 75 Years or Over 4.2% 5.4% 5.3%2018 Est. Median Age 34.2 36.6 36.6

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E2018 Est. HH Income $200,000 or More 8.8% 17.3% 13.6%2018 Est. HH Income $150,000 to $199,999 9.1% 11.1% 10.1%2018 Est. HH Income $100,000 to $149,999 18.1% 18.6% 18.7%2018 Est. HH Income $75,000 to $99,999 13.6% 12.5% 13.7%2018 Est. HH Income $50,000 to $74,999 16.9% 13.7% 15.3%2018 Est. HH Income $35,000 to $49,999 11.6% 9.1% 9.8%2018 Est. HH Income $25,000 to $34,999 7.3% 5.5% 5.9%2018 Est. HH Income $15,000 to $24,999 6.4% 5.1% 5.6%2018 Est. HH Income Under $15,000 8.3% 7.2% 7.3%2018 Est. Average Household Income $94,892 $129,510 $117,4422018 Est. Median Household Income $74,424 $93,975 $86,1392018 Est. Per Capita Income $34,220 $54,022 $47,074



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City County MSA

$304,400,000City of Kent

$7,470,000,000King County

$11,890,000,000Metropolitan Stat. Area

Health Care, Insurance & Personal Care

Expenditures


http://www.wesellstations.com


investment opportunity - loopnet...portfolio, click on logo $900,000 ($297.03/sf) listing price...

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