Exclusive: Last Known Available Skilled Nursing CON in Kansas City Metro - 75 Beds with 150-Bed Expansion Rights
*Flexible deal terms available! Seller is open to creative structures and seller financing opportunities for the right buyer*
Midwest CRE Advisors presents an unprecedented healthcare investment opportunity: the acquisition of the final developable Certificate of Need for a skilled nursing facility in the Kansas City metropolitan area. Located at 724 NE 79th Terrace in premium North Kansas City, this 75-room SNF represents the only remaining pathway for skilled nursing capacity expansion in a supply-constrained market. The CON can be amended up to 150 beds. This property is not currently operational and provides the next owner a blank slate regarding design and layout.
CERTIFICATE OF NEED DETAILS
The property holds an active 75-bed SNF Certificate of Need with documented historical operations at 150 beds. Missouri's Certificate of Need program requires 12-18 month approval timelines for new applications, with recent failure rates exceeding 40%. This regulatory framework creates significant barriers to entry, positioning existing CON holders with substantial competitive advantages.
Demographics: 33% of population within 1-mile radius over age 55, with average household income of $92,300. Kansas City's aging population is projected to grow 25% by 2030, driving sustained demand for skilled nursing services.
Competitive Landscape: Limited direct competition in North Kansas City submarket. Existing facilities include Ignite Medical Resort (90 beds), Northland Rehabilitation (118 beds), and Tiffany Springs (120 beds), all operating at or near capacity.
Regulatory Protection: Certificate of Need creates legal barriers preventing new competition, establishing a defensive moat around market share and pricing power.
Expansion Economics: The pathway to 150 beds provides immediate scalability without regulatory risk. Ground-up SNF development typically costs $150-200K per bed when certificates can be obtained.
Operational Efficiency: Existing infrastructure eliminates the 18-24 month development timeline and reduces capital requirements compared to ground-up construction.
Market Timing: Acquisition occurs during optimal market conditions with constrained supply, recovering occupancy rates, and increasing demand from demographic trends.
This represents a unique opportunity to acquire the last scalable skilled nursing platform in Kansas City metro. The combination of existing infrastructure, regulatory protection, and expansion rights creates a compelling value proposition for healthcare operators, REITs, and institutional investors seeking defensive assets in supply-constrained markets.