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 [email protected]

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, forested, and open
Improvements: Home, cabin, rural water, electric, shops
Bedrooms: 2
Baths: 1.5
Forage: Bermuda Grass, and native grasses
Water: Six plus springs that form streams and pool
Wildlife: Whitetail Deer, Turkey, Dove, Squirrels,other
Utilities: Electricity, septic, rural water
Comments
Property description:

If you are looking for a tremendous hunting property with the option to run a few head of cattle this is one to see. The 185 acres is about 80% wooded and features a 2 bed, 1 ¾ bath home, two shops, and a cabin. The house has one bedroom, bath and laundry room downstairs; with one bedroom and one bath upstairs. The house has window air units for cooling and space heaters. There is a metal staircase from the upstairs to the outside back yard. The house also features under-the-stair storage, double pane windows, three skylights and a metal roof. The utilities include rural water, electricity, and septic system.

The cabin is nestled in the woods and features a ¾ bathroom, closet, cookstove and refrigerator. There is also a deck across the back. There is also rural water and electric service to the cabin.

The property has two shops. One shop is 50’ X60’ with a breezeway, drain line, 220 wiring and a shed across the back. The other show is about 30’ X 40’ with 220 wiring. There is an additional storage building. (The portable storage units, deer feeders and hunting blinds are not included.)

The Seller believes there is between six and 14 springs on the land. Several run all year long and provide water for the wildlife. The property has very good fencing around most of the perimeter. Some really nice Whitetail deer have been harvested from the property, and many others caught on the game cameras. Turkey and Dove also populate the land.

The southeast corner of the ranch is just a few yards off State Highway 109A, southeast of Atoka, Oklahoma and north of Boswell, Oklahoma. A gravel county road lays along the west boundary up to the headquarters. The trees consist primarily of larger hardwoods such as Red Oak, White Oak, and Hickory. There are a few Pine and Cedar trees of the property also.

There are many recreational opportunities in the area. The Choctaw Nation Casino and Event Center at Durant, Oklahoma is less than an hour drive. McGee Creek Lake is about a 17 mile drive and Atoka Lake is about 24 miles away. Reba’s Restaurant is now open in Atoka with a great menu and live music. Hochatown, Oklahoma, and beautiful Broken Bow Lake is about 1.5 hours to the east.

The nearest shopping is at Atoka, Antlers, or Boswell, Oklahoma. Major metro areas are:

Dallas, TX—138 miles to the SW

Oklahoma City, OK—151 miles NW

Denton, TX—126 miles SW

Frisco, TX—114 miles SW

Paris, TX—61 miles SE

Ft. Smith, AR—149 miles NE

Longview, TX—162 miles SE

Call Sandy Brock Bahe with questions or to view this exceptional and beautiful property. (918) 470-4710 or Toll Free at (844) WCR-LAND.