84-Bed Residential Facility | ±56,178 SF | Jackson, GA

Highlights:

• 42 suites suitable for 84 beds with double occupancy. There is a small apartment used by live-in cook on one of the residential buildings.
• Three buildings totaling ±56,178 SF, plus three storage buildings and a horse barn with two stalls
• Third building has ±2,550 SF with 3-4 offices, reception area and bathroom
• Sales include one passenger van and fairly new John Deere tractor
• Unmet demand for residential substance abuse treatment beds will total 2,075 beds today; and total 2,227 beds by 2029
• There are no for-profit residential drug treatment facilities within a 30-mile radius of the property
• Property is 39.6 miles from Hartsfield-Jackson Atlanta International Airport
• Demographics (30-Mile Radius): Average household income is $95,488. Average net worth is $950,309. Average home value is $307,999
• Before Tax 5-year Hold Financial Returns:
• - Projected Sales Price at 10% CAP: $28,435,000
• - Sales Proceeds after selling expenses: $23,591,747
• - IRR: 164.13%
• - Acquisition CAP: $20.6%
• - Cash on Cash: 81.46%
• - DSCR: 3.06
• SBA 504 Loan Assumptions:
• - 25 Year Term
• - LTC: 85%
• - Interest: 6.266%

Description:

Bull Realty is pleased to present this facility that is currently an active licensed 48-bed personal care home built in 2002 on an ±18.16-acre campus. The facility is comprised of three main buildings totaling ±56,178 SF, three storage buildings totaling ±1,052 SF, and one barn totaling ±1,140 SF. The property is located in the Atlanta bedroom community of historic Jackson, Georgia. The property has two residential buildings totaling 42 suites with direct access to a bathroom, which could be licensed for 84 beds (at 60 SF per double occupant for a Drug Treatment Facility.) Each residential building has its own kitchen and dining room. All utilities and septic are on site.

The property’s R4 zoning supports the following approved uses by right: personal care home, intermediate care home, and rooming house uses. Intermediate Care Home Definition: Intermediate care home means a facility which admits residents on medical referral. It maintains the services and facilities for institutional care and has a satisfactory agreement with a physician and dentist who will provide continuing supervision including emergencies. It otherwise complies with the rules and regulations contained in chapter 290-5-9: Intermediate Care Homes (Rules of the Georgia Department of Human Resources). Use as a drug treatment facility will depend on zoning approval by Butts County.

The facility is located 5.5 miles from WellStar Sylvan Grove Medical Center and 39.6 miles from the Atlanta Airport. According to CoStar, recent 12-month conversion to Behavioral sold comps in the Atlanta MSA show an average $570.81/SF. Weitz, today’s assisted living construction will average $353 per SF in 2025 excluding cost of land, site work, architectural and engineering fees, due diligence costs, and permits. The current median price of land per acre in Butts County is $283,591 per acre .

This property is located in Jackson, GA.

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