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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:
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:
Absolute Auction 4.71+/- Acres of Prime Development Land
Nashville, Tennessee
AUCTION
Absolute Auction 4.71+/- Acres of Prime Development Land Exclusive Residential Dev. Site in The Nations Zoned R6 – Perfect for Construction of Tall-Skinny Homes Conceptual Site Plans Available for Potential Future Development Exclusive Location Only ½ Mile from ...
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 ...
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, ...
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 ...
Deep Branch Creek Hunting Ranch 635 acres-SKB
Gore, Oklahoma
1669500.00
This 635-acre wilderness hunting haven is set up with a good trail system through most of the property that will accommodate a full size side-by-side.  Power line right of ways provide excellent shooting lanes for long range rifle hunting.  The understory is amazingly ...
26.59+/- Acres Prime Commercial Undeveloped Land
Brandenburg, Kentucky
$3,765,000.00
26.59+/- Acres Prime Commercial Undeveloped Land Make an Offer! Listing Price: $3,765,000 The signaled corner highlights 26+ acres of prime undeveloped land, ready for your vision. Already zoned C-2 Commercial, tremendous potential awaits the visionary developer ...
Beautiful approx 75 acres of land | SOLD!
Denmark, Wisconsin
$599,900 | SOLD!
Attention land investors!! Beautiful approx 75 acres of lush land with Black Creek flowing through it has SO MUCH to offer! Three parcels are included in this listing. Approx 40 tillable acres is currently being rented by a local farmer for income potential!! Any future ...
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