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EOSIS Behavioral Health Portfolio

11400 Julianne Avenue N., Stillwater, Minnesota 55082
$14,210,805
EOSIS Behavioral Health Portfolio

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
14,060 sqft
Land Size
41.02 acres
Zoning
-
Year Built
1979

Property Description

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 (Formally Meridian Behavioral Health Group), which operates 21 locations. Renovus Capital purchased EOSIS in October 2023. Renovus manages over $2 Billion across sectors focused on Healthcare, Education, Technology, and Professional Services.

Location