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Investment Highlights

  • Backed by Meridian Behavioral Health with 20+ locations and strong regional presence.
  • Triple-net structure minimizes landlord responsibilities.
  • Behavioral health sector projected to grow significantly through 2032.
  • ±11 years remaining, providing stable and predictable income.
  • Built-in rent bumps ensure consistent income growth.
  • Strong in-place yield compared to similar healthcare assets.

Executive Summary

Broker of Record
Kurt Sauer
License # 41005445, 40628602 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
(866) 889-0550

Property Facts

Price $10,746,082
Price Per Bed $111,938
Sale Type Investment
Cap Rate 7.30%
Property Type Health Care
Property Subtype Rehabilitation Center
Building Class B
Lot Size 4.85 AC
Building Size 53,762 SF
No. Beds 96
No. Stories 2
Year Built/Renovated 2007/2014
Tenancy Single
Parking Ratio 0.74/1,000 SF
Zoning R-2
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
19.04886.00
Land Assessment
$815,000
Improvements Assessment
$8,319,100
Total Assessment
$9,134,100
  • Listing ID: 40062026

  • Date on Market: 4/7/2026

  • Last Updated:

  • Address: 1485 10th Ave NE, Sauk Rapids, MN 56379

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