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Online Auction Net Lease Opportunity – Assisted Living Facil AUCTION
Description:

Online Auction Net Lease Opportunity – Assisted Living Facility

This income producing property contains 12,000 +/- Leased sf, with approximately 20,000 additional that can be renovated and/or converted to provide added income stream such as multi-family or senior housing. The current tenant has occupied the property since 2012 and is a well-established and licensed provider of assisted living services in central Minnesota.

Tenant recently renewed its lease at a rate of $6,000 per month with an option for an additional year’s lease with rent increase to $7,000 per month starting July 2024. The property has a (15) resident bed capacity, a full-size commercial kitchen, dining area, common and recreational rooms, laundry area, office, medication room and other amenities. Property in generally sound condition, tenant maintains interior spaces plus grounds care (mowing, bushes & snow removal), landlord maintains exterior and HVAC systems, property is sold in its as is/where is condition. The property is located within a 30 minute drive of downtown St. Cloud, MN in the bucolic township of Holdingford, MN.

Highlights Include:
12,000 +/- Sq. Ft. Assisted Living Facility under lease – Landlord Possession at Closing
Long Term Tenant with Recently Renewed 1 Year Lease
Tenant Currently Pays $6,000/mo. with Option to Extend addn. Year to $7,000/mo. in July 2024
Licensed for All Levels of Personal Care with a 15 Resident Capacity
Limited Competition for Assisted Living Service – Tenant in Place for over 10 Years
Adjoining Building Provides Ample Room for Future Expansion, Renovation & Value Add
Fantastic Investment Opportunity – Buy It At Online Auction or Pre-Sale Offers Welcomed!
30 Minutes from downtown St. Cloud, MN – Largest Population Center in Central MN
Zoning: Mixed Family Residential (R-2)
Broker/Agent Participation Welcomed – Contact Tranzon for Information & Registration!
Utilities: Electric, Natural Gas, City Water & Sewer

Property Address: 231 Washington Street, Holdingford, MN 56340
Online bidding ends October 19th at 3:00 PM ET
Inspection: October 12th at 12:00 PM ET

10% Buyers Premium and other terms apply

Contact Jordan Conlee at 888-791-7307 ext. 809 or jconlee@tranzon.com

City:
Holdingford
State:
Minnesota
Country:
United States
Email:
Contact Seller
Phone:
12707690284
Photos:
A Fairy Good Place $600,000
Description:

A Community Mall made up of a library, eatery and many shops filled with local creative works.

City:
Cascade
State:
Idaho
Country:
United States
Email:
Contact Seller
Phone:
(208)315-5287
Website:
( none )
Photos:
( none )
Kinta Cabin Retreat-80 MP
Kinta, Oklahoma
425000
Property Details Name of Property: Kinta Cabin Retreat-80 MP Status: New Acreage: 80 acres Location: 2.5 hour east of OKC 1.5 hour south of Tulsa Closest Town: Stigler/Kinta Access: Hwy 31 & County Road 4410 Taxes: $715.44 Topography: 560 ft to 750 ft slope, ...
Attention land investors! Beautiful approx 113 acres of land
Denmark, Wisconsin
SOLD! $899,900
Attention land investors!! Beautiful approx 113 acres of lush land with Black Creek flowing through it has SO MUCH to offer! Three parcels are included in this listing. Approx 46 tillable acres is currently being rented by a local farmer for income potential!! Any future ...
Lenna Ranch 546 acres-SKB
Eufaula, Oklahoma
1747200.00
This ranch has approximately 350 acres of open pasture and the balance is sparsely to heavily treed.  The predominant grasses are Bermuda, Clovers, Fescue, and native grasses.  The stocking rate has historically ranged between 120 and 200 head.  The neighboring Canadian ...
Bandy Creek Ranch-133-MP
Wilburton, Oklahoma
532000.00
133 Acres, more or less, make up the Bandy Creek Ranch on the edge of the city limits of Wilburton, Oklahoma. The property consists of 5 cross fenced pastures that are ideal for rotational grazing with access to water on each.  The north 26 acres of timber is fenced ...
Waterfall Ranch 80 Acres
Tupelo, Oklahoma
649,900.00
Name of Property: Waterfall Ranch 80 acres Status: New Acreage: 80 acres Location: 2.75 hrs. N of Dallas, 1.75 S. of OKC, OK Closest Town: Tupelo, OK Access: County Road Taxes: $2211.68 Topography: Flat to gently rolling pastures and forests Improvements: Home, ...
Clear Springs Ranch 187 acres m/l
Atoka, Oklahoma
832,500.00
Property Details Name of Property: Clear Springs Ranch 187 acres m/l Acreage: 187 Acres m/l Location: 131 Miles NE of DFW; 157 mi. SE of OKC, OK Closest Town: Atoka, OK Access: 1/4 mile of gravel county road Taxes: $1080.00 Topography: Beautiful rolling hills, ...
Caddo Creek Ranch 920 Acres
Kiowa, Oklahoma
2400000.00
This amazing combination ranch has a stocking rate of 100 pair, very good fencing, 17 stock ponds, barns, pens and everything you need to start running your livestock.  About 80 acres of the ranch was previously planted in corn and has now been converted back to pasture ...
Salt Creek Ranch 250 Acres M/L
Kiowa, Oklahoma
995,000.00
Property Details Name of Property: Salt Creek Ranch 250 acres m/l Acreage: 250 acres Location: 3 hrs. N of Dallas, TX, 2 hrs. S. of OKC, OK Closest Town: Kiowa, Oklahoma Access: 3.5 miles of Gravel county road Taxes: $424.92/year Topography: Gently rolling pastures ...
Greenleaf Creek Ranch 1269 acres
Tahlequah, Oklahoma
4187700.00
1269 acres of beautiful rolling grassy hills.  This ranch features a 1555 square foot brick home, barns, shop, horse stalls, two nice sets of steel working pens, and much more.   The stocking rate has ranged from 275 to 300 pair. The ranch is approximately 95% open ...
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