Description
JLL as advisors are pleased to present Retreat at Wylie, located in Wylie, TX, United States.
This offering represents a unique opportunity to acquire a prime healthcare asset within a rapidly growing market. Retreat at Wylie boasts an impressive occupancy rate of 94%, underpinning its already strong position in the competitive landscape. This asset is strategically positioned to leverage the continuous demand for quality healthcare facilities, presenting an investor with compelling potential for both stability and growth.
The property, constructed in 2016, encompasses a vast 300,288 sqft. of net building area, situated on 13.13 acres of gross land area. Comprising 320 units, this modern facility is designed to meet the sophisticated needs of its clientele, ensuring high-quality service delivery and optimizing patient experience. The robust infrastructure and advanced amenities are key drivers of the property's investment value.
Positioned within the thriving regional hub of Wylie, the property benefits from excellent transportation access and the broader metro area's demographic growth trends. Proximity to significant nearby commercial developments further enhances its strategic advantage, promising sustained uptake from growing demand.
With Wylie witnessing rapid population growth and increasing demand for healthcare services, the property offers strong cash flow stability and significant upside potential for value creation. Future investors can capitalize on these dynamics to drive long-term yield growth, making Retreat at Wylie a compelling value-add investment.
Attributes
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Investment highlights
- 94% occupancy ensures stable cash flow from current tenant base.
- Recent 2016 construction, reducing near-term capital expenditures.
- Located in Wylie, TX, with strong healthcare demand and growth.
- Total 320 units, maximizing rental yield per square foot.
- Above-market rent with potential for further rental increases.
- Spans 13.13 acres, offering opportunity for future expansion.
- Investment in healthcare, a recession-resistant sector.
- Strategic location offers strong demographic growth potential.
