3329 University Ave SE, Minneapolis, MN 55414
OFFICE For SaleYear Built: 1958
Floors: 2
Class: B
| Space | Size | Type | Pricing |
|---|---|---|---|
| EOSIS Health Group Portfolio | SALE | $16,240,918.00 |
Keith A Sturm - Upland Real Estate Group, Inc
PHONE: 6123764488
PHONE: 6123326600
Deborah Vannelli - Upland Real Estate Group, Inc
PHONE: 6123764475
PHONE: 6124360248
Portfolio of three Medical Treatment Centers in Minnesota. NNN leases with annual rent increases, ranging from 2.75% - 5.00%. (remainder of CPI increase carried forward indefinitely). These locations have operated as either Opiate Treatment Centers or Behavioral Health Centers from 20 to 50 years. It is extremely challenging to receive zoning approval for Behavioral Health centers, making renewal highly likely due to these barriers to entry. Behavioral Health Group has a lease signed by BHG with a guaranty by BHG Holdings LLC with 115 locations in 21 states. BHG is the largest network of opioid treatment centers in the U.S. This location is outpatient only. Cedar Ridge and Twin Town have a guaranty by EOSIS (Formerly Meridian Behavioral Health), LLC, which operates 21 locations. Renovus Capital purchased Meridian in October 2023. Renovus manages over $2 Billion across sectors focused on Healthcare, Education, Technolgy, and Professional Services.