Properties Recently Sold
Royal Anne Adult Family Home
21019 Royal Anne Road, Bothell, WA
10 Bed / 3.25 Bath
Foundation Group presents the Royal Anne Adult Family Home in Bothell, WA. Originally built in 2006 and converted from a luxury home to an assisted living facility in 2008, this memory care facility is operating at a 5.63% cap rate day one.
The current operator is on a month-to-month NNN (triple net) lease which presents a myriad of options for the potential buyer. One could establish a new lease with higher lease rate + NNN’s with current operator, purchase and operate the facility as a self-operator, or thirdly convert back into a single-family residence in this highly sought-after Bothell neighborhood.
Additionally, the property is situated on 43,124 SqFt and has the size to construct another structure on-site (buyer to verify).