340 Lockheed Avenue SE

Fully operational and 100% occupied, this 13-bedroom adult living facility presents a rare, turnkey investment opportunity for its next owner. This sale is the property only, with a current health care tenant, not the business itself. The property complies with all zoning regulations, licenses, and permits, ensuring an immediate, seamless transition of ownership. Extensively remodeled from top to bottom, the facility features generously sized resident rooms, a spacious recreation area, and a recently upgraded commercial-grade kitchen designed for efficiency and scale. Additional improvements include a fire sprinkler system, ADA-compliant bathrooms, and a dedicated on-site manager’s office, all contributing to a safe, functional, and professionally managed environment. The property is secured with full fencing and gated access, offering ample on-site parking and thoughtfully maintained green space for residents. A key highlight is a strong, established tenant that maintains full occupancy and currently has a waiting list. The tenant operates under a favorable long-term lease that includes approximately 10% annual rent escalations—outpacing inflation and steadily improving the property’s capitalization rate year over year. Fully furnished and requiring minimal operational oversight, this asset delivers stable cash flow with low expenses, making it an exceptional opportunity for long-term hold investors and those seeking immediate, reliable income. Given the high level of interest and the medical facility's secure status and patient safety, we can only show the interior of the building during the inspection due diligence period. We are happy to provide additional information and financials upon request. Please do not attempt to tour the facility on your own, as it is a fully functioning and secure medical facility, and you must be escorted by someone from our office.