Historical Senior Housing Sale Listing - Prairie Senior Cottages

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Prairie Senior Cottages

1600 W Fountain St, Albert Lea, MN 56007

N/A

16 Beds | Senior Housing

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Senior Housing Property - Off Market

Price:
N/A
No. Beds:
16
Property Type:
Senior Housing
Property Sub-type:
Assisted Living Residences
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
13%
Listing ID
17127831
Last Updated
over 1 year ago

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

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

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Created 4/21/2011