Matthews™ Healthcare Division is pleased to present the opportunity to acquire the EOSIS Bridge Treatment Center, a ±55,000 square foot behavioral health facility located at 1485 10th Ave NE, Sauk Rapids, MN. The property is 100% leased to Bridge Recovery, LLC d/b/a EOSIS, with a guaranty from Meridian Behavioral Health. This purpose-built facility serves as a key location within the operator’s treatment platform and has been designed to support long-term behavioral health operations. This property operates as a licensed supervised living facility providing housing, meals, supervision, counseling and rehabilitative services for individuals with developmental, mental health, substance use, or physical disabilities, with care levels tailored to residents’ needs.
Bridge Recovery, LLC d/b/a EOSIS leases the property under a long-term triple-net (NNN) lease structure with 3% annual rent escalations and approximately ±11 years of remaining term. The lease provides stable, predictable cash flow with minimal landlord responsibilities. The tenant is a well-established behavioral health provider with a growing regional footprint and strong operational backing. They currently operate 20 locations across the state of Minnesota.
The property is located in Sauk Rapids, MN, within the St. Cloud MSA, a stable and growing regional market in Central Minnesota. The area benefits from consistent population growth, strong housing demand, and access to a broad employment base, supporting long-term demand for healthcare services and reinforcing the property’s investment fundamentals.
• Growing Behavioral Health Operator: The property is leased to Bridge Recovery, LLC d/b/a EOSIS, with a corporate guaranty from Meridian Behavioral Health, a well-established behavioral health provider with a growing regional footprint of 20+ locations and strong operational backing.
• Long-Term Lease Security: The asset features approximately ±11 years of remaining lease term, offering durable and predictable cash flow with long-term income visibility.• NNN Lease Structure: The lease is structured as triple-net (NNN), minimizing landlord responsibilities and limiting exposure to operating expense volatility.
• 3% Annual Rent Increases: The lease includes 3% annual rent escalations, providing consistent year-over-year income growth and an effective hedge against inflation. Most similar properties only offer 2% annual increases or 10% every five, which offers much lower income growth over time.
• $92+ Billion Growing Behavioral Health Sector: Strong underlying sector fundamentals with the U.S. behavioral health market projected to grow from $92.1 billion in 2025 to $132.5 billion by 2032, representing a 5.3% CAGR. Growth is being driven by increasing prevalence of mental health conditions and substance use disorders, alongside rising demand for treatment services, positioning the sector for sustained long-term expansion.
• Attractive Cap Rate for Long Term Lease: The property is being offered at an attractive 7.30% cap rate, providing investors with strong in-place yield relative to comparable healthcare assets.• Stable Midwest Market: Located in Sauk Rapids within the St. Cloud MSA, the property benefits from stable demographics, consistent housing demand, and a growing regional economy supporting long-term performance.
• Strong Central Minnesota Healthcare Hub: Located within the St. Cloud MSA, a growing regional center serving over 200,000 residents, Sauk Rapids benefits from consistent population growth and acts as a primary healthcare hub for Central Minnesota. The area’s role as a regional draw for medical services supports sustained demand for behavioral health providers and stable long-term utilization.
• Regional Healthcare Access with Strong Connectivity: Located just off major thoroughfares near St. Cloud, the property benefits from convenient regional access, allowing it to draw patients from across Central Minnesota beyond the immediate Sauk Rapids population.
• High Tenant Investment and Operational Stickiness: The facility supports specialized behavioral health operations, requiring significant buildout, licensing, and patient continuity, creating high switching costs and incentivizing long-term tenancy at this location.
• Limited Local Behavioral Health Supply: Sauk Rapids and the greater St. Cloud area have a limited supply of purpose-built behavioral health facilities, positioning the property as a critical service location within the region.
• Tenant Commitment & Stability: Bridge Recovery, LLC d/b/a EOSIS has occupied the building since June 2020, demonstrating long-term tenancy and operational stability. Their newly executed lease in December 2025 further reinforces their commitment to both the property and the broader market.
• Attractive Pricing Relative to Market: The offering presents a competitive price per square foot compared to current market comps, which are nearly double. This disparity suggests that comparable properties may reflect inflated rents or owner-user influence. In contrast, this asset is priced in line with true market fundamentals, supporting a strong and defensible basis on a per-square-foot level.