Pinnacle Treatment Centers - Brilliant, OH_Property for Sale

1479 3rd St, Brilliant, OH, 43913-1000, US

Pinnacle Treatment Centers - Brilliant, OH

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in the Pinnacle Treatment Center (“Pinnacle”) located in Brilliant, Ohio.

Pinnacle Treatment Centers is one of the nation’s leading providers of high-quality alcohol and substance abuse services, treating over 33,000 people daily and offering a wide variety of substance treatment options both in-house and as part of their outpatient treatment services. Over the last two years, Pinnacle has seen their service facility count grow by 31% with a strong commitment to grow its existing programs and open new locations in new and existing markets.

The subject Property is 100% leased to Pinnacle Treatment Centers with just over 2.5 years of lease term remaining and three, five-year renewal options, providing investors with a growing income stream with 2% annual increases from one of the largest substance treatment providers in the country.

Bill Poffenberger

Managing Director

OH-352247

Bill.Poffenberger@am.jll.com

...

Attributes

Asking Price

€678,000

Building area Gross

418 m²

Occupancy

100.00%

Year built

2009

Cap Rate

7.37%

NOI

€50,000

Media

Investment Highlights

Pinnacle Treatment Centers is a multi-state operator currently servicing 9 states
Pinnacle currently treats over 33,000 patients each day at over 130 locations - making Pinnacle one of the largest opiate treatment service providers
Over the last two years there has been a 31% growth in Pinnacle facility locations
Significant traffic increase is projected with the new Wellsburg bridge connecting Ohio to West Virginia, located directly across the street from the asset
Favorable yield profile with sticky in-place tenancy
Attractive 2% annual increases throughout the primary and renewal option periods
Medical office investment opportunity