CBC Orion is pleased to offer for sale this single tenant sale leaseback Assisted Living facility located in the Saint Cloud, MN Market (MSA of 200,000 +). Great location in a growing community with over 100,000 population within 5-mile radius. Location is approximately 60 miles northwest of the Twin Cities.

Offering consists of (1) One - Two story building totaling approximately 20,000 square feet with 27 Rooms (licensed for 30 residents). This well-maintained property was completely renovated in 2016 with over $1.6 MIL invested. Additionally, there was a new roof installed in 2019. Property features: large commercial kitchen, large dining and community room areas, multiple laundry rooms, resident bathing room, executive conference room, fully sprinkled building, and more.

Tenant principals have over a 20-year history of developing and owning assisted living and health care facilities. This offering represents an excellent opportunity to acquire a well located, very well-maintained asset with a strong experienced operator. Tenant will execute a new 10-year NNN lease at closing with 1.25% annual increases.

Confidential offering. Complete offering package available upon request and with a signed non-disclosure agreement.

Special Features: 
  • Tenant will Sign New 10 Year NNN Lease – 6.5% Cap Rate ($264,000 NOI)
  • $22,000 per month base rent (year 1) + 1.25% Annual Rent Increases
  • 20,000+/- SF Facility
  • 27 Rooms (3 units are doubles – allowing for 30 residents)
  • Over $1.6 MIL Invested in Complete Renovation in 2016
  • New Roof Installed in 2019
  • Very Well-Maintained Property
  • Strong Operator with over 20-year experience in owning and developing Assisted Living & Health Care Facilities
  • Excellent 1031 Exchange Opportunity
SOLD | Offered For Sale at $4,061,538
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