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: Kinta Cabin Retreat-80 MP
Status: New
Acreage: 80 acres
Location: 2.5 hour east of OKC 1.5 hour south of Tulsa
Closest Town: Stigler/Kinta
Access: Hwy 31 & County Road 4410
Taxes: $715.44
Topography: 560 ft to 750 ft slope, gentle at house & top
Improvements: Home recently remodeled 2023/barns improved
Home Sqft: 1,456
Bedrooms: 3
Baths: 2
Water: Well
Wildlife: deer and native wildlife
Utilities: Electric on site in multiple buildings/propane/well water
Development Potential: ideal home location at top/add pond for deer
Comments
The private, quiet KInta Cabin Retreat boasts approximately 65 acres(80 acres in total) of hunting ground, plus approximately 15 acres of open ground around the home ideal for horses or a few head of cattle, with hundreds of acres of privately owned wilderness bordering the top ridge with ideal feed alleys, and with just a bit of tree clearing will reveal beautiful valley views with another ideal spot for a future home or just a ridge line relaxing lookout. Add a water feature to the property to attract even more wildlife for hunting. The 1456 sq ft recently remodeled quaint cozy cabin,at the base of the property, has 2 bedrooms and 1 bath downstairs along with an upstairs finished attic room that can be used for a 3rd bedroom, master suite, game room, craft room, or office, with a bath that includes an extra large cozy tub for relaxing. The home also includes a beautiful 3/4 wrap around porch just perfect for relaxing porch sitting and entertaining, with peaceful views of the valley below and the quiet timber lines above. The home and barns sit on a gentle slope at the entrance, and can easily house a few horses, cattle, and dogs along with multiple charming outbuildings that include animal shelters, chicken/bird coops, and storage buildings. There are also currently multiple dog kennels, ideal for hunting dogs or your beloved pets that are negotiable with the property. Both barns, which are 50x30 and 20X25 currently house dog kennels, but owner is removing the kennel panels and closing the barns in, so the future owner can utilize them for a multitude of uses. Both barns have water, electric, and drainage systems, with small a/c units. These buildings could also be easily converted to house livestock or farm and recreational equipment. There is also a 10X16 shelter for horses and cattle. The property is fenced on two sides. Behind and to the south the property the topography slope sharply increases from 560 ft above sea level to 750 ft above sea level, to give the new owner gorgeous views of the valley below and undisturbed wilderness behind the property. This retreat is peaceful and private with easy Hwy 31 access, just 20 mins from the conveniences of the county seat and growing town of Stigler, just 1 hour from McAlester to the west and Poteau Ok to the east, and just 1 hour from Fort Smith, Arkansas, Oklahoma City is 2.5 hours to the west, and Tulsa is 1.5 hours to the north. This peaceful private retreat wont last long!! Give Melanie Pennebaker a call TODAY for your private showing at 918-413-8319!