Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in the Pinnacle Treatment Center (“Pinnacle”) located in Brilliant, Ohio.
Pinnacle Treatment Centers is one of the nation’s leading providers of high-quality alcohol and substance abuse services, treating over 33,000 people daily and offering a wide variety of substance treatment options both in-house and as part of their outpatient treatment services. Over the last two years, Pinnacle has seen their service facility count grow by 31% with a strong commitment to grow its existing programs and open new locations in new and existing markets.
The subject Property is 100% leased to Pinnacle Treatment Centers with just over 2.5 years of lease term remaining and three, five-year renewal options, providing investors with a growing income stream with 2% annual increases from one of the largest substance treatment providers in the country.
- Pinnacle Treatment Centers is a multi-state operator currently servicing 9 states
- Pinnacle currently treats over 33,000 patients each day at over 130 locations - making Pinnacle one of the largest opiate treatment service providers
- Over the last two years there has been a 31% growth in Pinnacle facility locations
- Significant traffic increase is projected with the new Wellsburg bridge connecting Ohio to West Virginia, located directly across the street from the asset
- Favorable yield profile with sticky in-place tenancy
- Attractive 2% annual increases throughout the primary and renewal option periods
- Medical office investment opportunity