2415 A, B & 2441 S Center St

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2415 A, B & 2441 S Center St

Hickory, NC 28602
Asking Price
$3.30M
Cap Rate
11.37%
Asset Type
Senior-living
Class
Class B

What's Special

Established Assisted Living Facility – Expansion Preapproved <ol><li>​<strong>High-Impact Value-Add:</strong> $4–$6M expansion transforms a 17-bed facility into a projected $50M asset w/ ~$4M annual revenue</li><li>​<strong>Fully Entitled Growth:</strong> Pre-approved plans to expand to 78 beds (Independent Living, Assisted Living, & Memory Care mix)</li><li>​<strong>Prime Waterfront Setting:</strong> Upscale ranch-style units overlooking the river w/ direct boardwalk access</li><li>​<strong>De-Risked Development:</strong> Land removed from FEMA floodway

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NOI
$80,000
Cap Rate
2.43%
DSCR
0.41
Underwater
Cash-on-Cash
-11.70%
Monthly Payment
$16,316.705
Annual Cash Flow
$-115,800.455

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