ASSISTED LIVING FACILITY | NEW 10-YEAR NNN LEASE | SOLD

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.