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| Price $5,743,340 | Built/Renov 1900-1979 | Tenant Cedar Ridge Treatment Center |
| 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 8.10 | 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 |
| | |
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,...
...Build to suit
Oversized lot
In location for years
Top 100 MSA
Long operation history
Annual rent increases
Corporate Guarantee
The tenant on the lease is Cedar Ridge Treatment Center, LLC (a Minnesota LLC). Guarantor is Meridian Behavioral Health, LLC (a Delaware LLC). Renovus Capital acquired Meridian Behavioral Health in...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
