1600 W Fountain St
Albert Lea, MN 56007 ·
16 Beds · Senior Housing For Sale
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|
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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