Cedar Ridge - EOSIS Behavioral Health
EOSIS Behavioral Health | Stillwater, MN | 7% Cap
Marketing description
Men’s Inpatient 36 Bed Dual-Diagnosis Residential Chemical Dependency Treatment Facility. This location has operated as a chemical dependency clinic for 30 years. Four Buildings on two parcels: Two chalet-style dormitory buildings, one two-story plus basement administration building, and one story activity building.
Lease guaranteed byEOSIS (Formerly Meridian Behavioral Health) which is one of the fastest growing, leading behavioral healthcare platforms in the country. Currently, there are 21 EOSIS and New Beginnings locations. EOSIS Behavioral Health, LLC was purchased by Renovus Capital in October 2023.
Renovus Capital Partners is a private equity firm that invests in small and mid-sized businesses in the education and training, healthcare services, technology services, and professional services sectors. Renovus Capital Partners is based in the Philadelphia area and manages over $2 billion across its sector focused funds and other strategies.
Portfolio of 3 properties. Properties may be purchased individually or as a portfolio.
Investment highlights
Annual rent increases the greater of 3% or CPI, 5% cap per year, but any excess carries over. NOI shown with minimum 3% increases annually.
36 Bed Dual-Diagnosis Residential Chemical Dependency Treatment Facility.
Four Buildings on two parcels: Two chalet-style dormitory buildings, one two-story plus basement administration building, and one story activity building. Dorms were built in 1975 and 1979, the others 1900. Dorm buildings sprinklered, private well, septic system.
Operated as chemical dependency center for 30 years.
This property has a cell tower
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