Hopebridge - Rockledge, FL

1026 Pathfinder Way, Rockledge, FL, 32955, US

자산 설명

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the Hopebridge Autism Therapy Center in Rockledge, FL (“Property” or “Asset”). Hopebridge (the “Tenant”) opened at this location in 2022 and operates on a 10-year net lease with periodic 8% rent growth and minimal landlord responsibilities.

Comprised of 8,900 rentable square feet, this Property is a strategic location for Hopebridge’s mission to support children diagnosed with autism spectrum disorder in an underserved Florida market. Each child receives one-on-one, specialized therapy plan with a Hopebridge professional. Hopebridge is owned by Arsenal Capital Partners (“Sponsor”), a prominent private equity firm that focuses on middle market franchises across various sectors including healthcare and industrial. The Sponsor has strengthened Hopebridge’s positioning in the market and established its strategic plan to grow Hopebridge’s footprint throughout the country. Today, Hopebridge operates 113 locations throughout 12 states with additional locations under development.

Situated along Florida’s Atlantic coastline, Rockledge is a major growth city, partly due to the presence within the “Space Coast” region anchored by NASA’s JFK space station. The state of Florida ranks amongst the highest in autism diagnoses, creating a growing demand for ABA therapy services. This location fulfills this demand in a particularly underserved region.

This offering provides investors the exceptional opportunity to acquire a behavioral healthcare asset in a major sunbelt market supported by a long-term net lease with a market-leading tenant and attractive rent growth.

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개요

건물 면적 순

827 제곱미터

점유율

100%

건축년도

2006

WAULT

7.2 년

미디어

투자 하이라이트

STRATEGIC LOCATION WITHIN A MAJOR GROWTH MARKET

Situated 40 miles Southeast of Orlando, Rockledge is among the fastest growing communities in Florida. The city’s presence along the Atlantic coastline has been a key driver in Rockledge’s recent growth. New developments surround the area including a $72 million residential development less than a mile from the Property. The surrounding Brevard County is among the fastest growing counties in Florida, driven by continued developments within the expanding “Space Coast”. This facility was strategically selected due to its strong fundamentals as a growing pocket of Florida and access to a wide customer base.

IDEAL LONG-TERM LEASE WITH PERIODIC RENT GROWTH

Long-term committed Tenant recently executed a 10-year lease with minimal landlord responsibilitiesand highly desirable 8.0% rent increases every 3-years toensure growing equity yield for investors with a passive lease structure.

EXPOSURE TO RECESSION-RESISTENT HEALTHCARE SECTOR & HIGH GROWTH, UNDERSERVED AUTISM TREATMENT MARKET

This offering provides exposure to thedefensive, recession-resistant children’s healthcare industry with tenancy providing ABA-therapy services for apopulation that is currently underserved. Per the CDC, about 1 in36 children in theUS hasbeen identified with autism.

Despite thesignificant and growing population of children diagnosed with autism, there is anoverall lack of autism services in both rural and urban areas throughout the US,with 84% ofUS counties lacking autism diagnostic services, which presents significant opportunity forHopebridge to capitalize on underserved areas indesperate need of care.

In 2024, theautism disorder treatment market size wasvalued at $8.1B and estimated at $9.5B in2026. Themarket is projected to achieve immense growth to $13.1B by 2030, exhibiting a CAGR of 8.5% from 2023 to 2030. While minimal drugs therapies have proven effective, ABA therapy hasproven effective in improving the social and communication skills of autistic patients.