9004 Wildridge Dr Austin, TX 78759
- Retirement homes
- 3,537 SF
- 0.25 lot acres
Current Use by Public Records
- Silverleaf Eldercare at The Arboretum / Assisted Living Facility
Property Details for 9004 Wildridge Dr
- Year built
- 1977
- Lot size
- 0.25 lot acres
- Property size
- 3,537 SF
- Property type
- Retirement homes
Description
This exceptional investment opportunity presents a 3,537 square foot, fully occupied senior living facility in Austin, Texas. Located at 9004 Wildridge Dr, 78759, this 12-bed ElderCare facility sits on a 0.25-acre lot and boasts a strong financial profile. Built in 1977, the property is currently operating at 100% occupancy, generating a substantial Net Operating Income (NOI) of $147,402 annually, representing an attractive 8.00% cap rate. The asking price is $1,842,525, translating to $520.93 per square foot. The property is subject to a 20-year Triple Net (NNN) lease with annual rent increases of 3.00%, ensuring consistent and growing income. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location with significant long-term potential. The property's strong occupancy rate and favorable lease terms make it an ideal investment for those seeking a secure and profitable addition to their portfolio. The location in Austin, Texas, offers access to a growing population and strong demand for senior living services. This is a turnkey operation ready for immediate income generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.7507303
- Latitude
- 30.3871449
