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]

6.5acs In Heart of Bluegrass-Absolute Auction

Exclusive 6.5 +/- Acre Home Site/Development Tract

Tranzon Asset Advisors is proud to present this extremely rare auction offering of 6.5 +/- Acres located in the heart of horse country. Nestled between some of the most famous horse farms in the world, this site provides the perfect opportunity to build your next personal residence or weekend retreat with all the privacy you could ever imagine. The property also has the potential to be a builder/developer’s dream site, as its mostly flat topography would require minimal site preparation and is perfectly suited for future development.

The property is located approximately 12 miles southwest of Lexington, KY,10 +/- miles southeast of Versailles, and 7 +/- miles northwest of Nicholasville. If you are looking to leave the stresses of the city behind without the long daily commute, this is property for you. Don’t miss the opportunity to buy it at your price.

Premier Jessamine County Location for Country Residence
Potential for Future Residential Development near Lexington, Versailles & Nicholasville
Surrounded by Some of Kentucky’s Most Prestigious Equine Facilities
Site Contains a 1,476 +/- Sq. Ft. Home with 3 Bedrooms & 1 Full Bath And a 40’x60’ Barn
Home is Currently Rented on Month-to-Month Basis
Other Improvements include 40’x60’ Barn & Beautiful Mature Shade Trees
Zoning: Agricultural (A-1)
Utilities:
Electricity: Yes
Water/Sewer: Jessamine South Elkhorn Water District/Septic System
Will Sell to Highest Bidder Regardless of Price
Immediate Sale Ordered by Kentucky based Non-Profit Organization

Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer/Broker #P1734
10% Buyers Premium and other terms apply

Online bidding ends October 17th at 5:00 pm ET

Property Address: 301 Cemetery Lane, Keene, KY 40339

Contact Jordan Conlee at 888-791-7307 ext. 809 or [email protected]