This Senior Housing Property is Off-Market.

1600 W Fountain St
Albert Lea, MN 56007 ·

16 Beds · Senior Housing For Sale

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Prairie Senior Cottages

Price N/A Property Sub-type Assisted Living Residences
No. Beds 16 Property Use Type Net Lease Investment with 10+ years left on lease
Property Type Senior Housing Cap Rate 13%
Listing ID: 17127831 Date Created: 04/21/2011 Last Updated: 07/12/2012

Description

Prairie Senior Cottages has provided Investors with outstanding returns since its inception in 1998, with a 100% return of invested capital within 3 to 4 years, plus ongoing dividend and equity participation thereafter. A testimony to the success of these units is the sizeable waiting list that each facility now has.
A 25% Membership Interset is offered in the Prairie Senior Cottages of Albert Lee consisting of an initial 19% interset, with options that are exercised at $1 during subsequent years, to elevate that interest to 25%.

Albert Lee, MN

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1600 W Fountain St, Albert Lea, MN 56007 (Freeborn County)

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