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  • Long-Term NNN Lease – The 15 Year lease has 12.5 years remaining on the initial term and the tenant is responsible for all costs and expenses associated with the building except for roof and structure.
  • ​Credit Tenant – Alsana is owned by The Riverside Company who is a global investment firm that operates 29 private funds and has approximately $5.92 billion in total assets under management. Alsana has shown a strong commitment in the Alabama market with new office leases for outpatient services in Birmingham and Huntsville totaling 25,000 SF. The building was renovated in 2021 to house more residents due to the increased demand.
  • ​Ideal Location & Demographics – The Property is located in the highly desirable sub-market of Hoover on Valleydale Road (18,843 VPD) and in close proximity to Highway 280 (78,524 VPD). Hoover is now the sixth largest city in Alabama. There are 335,000 people within 10 miles of the property with an average household income of $112,041. The Property neighbors Jefferson State Community College (5,000 students) and Spain Park High School (1,634 students).
  • ​Lack of Competition & Strong Demand – There are only two comparable types of eating disorder facilities in the entire Birmingham MSA with over 1.2 million people. Since opening its doors in 2019, the facility has remained at full occupancy and currently has a waitlist for admittance.
  • ​Significant Sector Growth – Approximately 30 million people in the United States suffer from an eating disorder. Global eating disorder prevalence more than doubled since 2000 and have increased substantially since the COVID pandemic. Eating disorders have one of the highest mortality rates of any mental illness with over 10,000 deaths a year.
  • ​Comprehensive Care Model – Alsana is well equipped to handle a multitude of eating disorders through its comprehensive residential treatment, day treatment, intensive outpatient, and virtual treatment options. The majority of all major insurance providers cover the majority of costs associated with the treatment of eating disorders.