Old Middleburg Rd - Fully Approved Assisted Living Development

This offering includes two contiguous properties include 21.22-Acres, located approximately 11 miles SW of the downtown Jacksonville. The property includes a fully approved development of a Continuing Care Retirement Community (CCRC), consisting of: • 200-Bed ALF • 120-Unit Memory Care • 180-Units Independent Living This area is desirable for a CCRC. There is minimal competition and a high population (414,836 within a 10-mile radius) of those over 55 years of age (23%). Assisted Living Competition: There is only one ALF, located within 5-miles from the subject property: The Benton House at Oakleaf. The Benton House is an upscale 95-bed facility offering Assisted Living, Memory Care and Adult Day Care. Area Hospitals: HCA Florida Orange Park Hospital is located approximately 6 miles from the subject property. Area Average Bed/Room Rates/mo:* • ALF: $4,660 • Memory Care: $5,800 • Independent Living: $2,513 The property and proposed development are offered in its entirety to one purchaser or offered as separate components to individual purchasers.