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Views: 31 DOM: 52 Updated: 03.31.25 Posted: 02.12.25 Status: Active

Summary

Price $5,743,340
Built/Renov 1900-1979
Tenant Cedar Ridge Treatment Center - EOSIS Behavioral Health
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 14,060
Lease Start 01-01-2014
#Units 21
Price/SF $0.00
Expiration 12-30-2033
Tenant Type Medical/Health
NOI $373,317
R. Term 8.9
Ownership Fee Simple
Rent/SF $26.55
Increases 3.0%/1/yrs
Pop 5Mi 27,783
Lot/AC 41.02
Options 0/0yrs
AHHI 5Mi $175,717

Lease Highlights

  • Annual rent increases are the greater of 3% or CPI, with a 5% cap per year; excess carries over.
  • NOI shown with minimum 3% annual increases, CPI for 2024 was 4.80% rent increase.
  • 36-bed dual-diagnosis residential chemical dependency treatment facility offering specialized services.
  • Four buildings on two parcels: two chalet-style dormitories, a two-story admin building, and a one-story activity building.
  • Dorm buildings built in 1975 and 1979; other buildings constructed in 1900, with dorms sprinklered, private well, and septic system.
  • Property includes a cell tower with 70+ years remaining on a 99-year easement, but no additional rent from easement.

Location Description

Cedar Ridge Treatment Center is a men's residential facility located at 11400 Julianne Avenue North, just outside Stillwater, Minnesota. Set within a peaceful, wooded landscape spanning over 40 acres, the center provides a tranquil environment ideal for recovery. While the immediate surroundings are primarily rural and residential, downtown Stillwater is approximately 10 miles southeast,...

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Tenant

About Tenant

The tenant on the lease is Cedar Ridge Treatment Center, LLC (a Minnesota LLC). Guarantor is EOSIS Behavioral Health.  EOSIS Behavioral Health is a mental health organization dedicated to...


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Listing Broker

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Keith Sturm

Upland Real Estate Group, Inc.

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  • 72 Listings
  • 11434 Views
  • 16 Sold
Amanda Leathers

Upland Real Estate Group, Inc.

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  • 72 Listings
  • 11434 Views
  • 16 Sold

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Deb Vannelli

Upland Real Estate Group, Inc.

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  • 72 Listings
  • 11434 Views
  • 16 Sold

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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