Property Listing No Longer Available for Sale

2124 Old Montgomery Highway

Pelham, AL

Retail for Sale - $2,595,000 - 15,000 Sq. Ft.


Property Info

CIMLS#66720
Location
  2124 Old Montgomery Highway
  Pelham AL 35124
UpdatedNovember 4th, 2009
TypeRetail
Price$2,595,000
Building15,000 Sq. Ft.

Property Description

Mature Options was established in 1999 and has steadily grown since its inception. Since early 2000, Mature Options has brought together a group of healthcare managers, and clinical, financial, and referral management professionals with greater than 300 years of combined experience caring for seniors. The company owns, operates and manages home care services, adult daycare services, assisted living facilities, specialty care assisted living facilities for dementia, Alzheimer’s and memory impairment care, senior housing communities, senior rehabilitation programs and geriatric physician services.

The mission of Mature Options is to develop a senior service delivery niche that falls between "Mom and Pop" operations and the large regional or national companies that deliver senior care services. Mature Options believes strongly that there will be a continuing interest by the elderly and their families in highly personalized, home-like programs and services for seniors. The Company facilitates everyday living activities for facility residents and additionally offers adult daycare, home care, respite care, and rehabilitation services. The Company has positioned itself as a value-priced option to prospective patients with high-quality services similar to those of larger providers. The company is not a publicly held company and does not subsidize a large corporate management structure or huge overhead expenses that must be passed on the residents using their services as with many larger providers. Mature Options offers professionally managed, quality-oriented services and facilities with a heart. As a family owned and operated company they are personally involved with all of their facilities and programs

For more information please visit the Company's website at www.matureoptionsonline.net.


Financials

Cap Rate: 8.54%

Lease Type: Net, Net, Net Lease. No Landlord responsibilities.

Lease Term: Fifteen (15) years

Lease Commencement: September, 2006

Lease Renewal Options: Two (2) Five (5) year options

Price is based upon rental increase in September 2008 up to $214,328. Seller will credit buyer at closing for the difference.

*Price is based upon rental increase in September 2008 up to $214,328. Seller will credit buyer at closing for the difference. This unit has 32 beds.



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