345 Garfield St

We are pleased to offer the opportunity to acquire 345 Garfield Street, McMinnville, TN 3711, McMinnville Boarding Home, an assisted living facility. Established in 1991, McMinnville Boarding Homes has been providing 24-hour non-medical care for Seniors and giving them a secure, healthy and happy home ever since. 19 room facility that currently has 14 semi-private and 5 private rooms. 33 bed capacity. Building includes 1 admin office, 1 secure medical room, 1 kitchen and stockroom, comfortable living room and a bright dining room. This facility is turn-key and ready for new ownership. Property and business are included in the asking price. There is upside potential for an experienced operator to bring in residents on alternative funding programs. The building offers over 6,838 HSF, 3220 sq ft in basement, 19 bedrooms, 3 1/2 bathrooms, and a large office on approximately 2 +/- acres. The sprinkler system covers the entire building area. This is a well-run facility with an on-site nurse manager available five days per week. The facility maintains a high occupancy and vacancies are filled quickly. The facility is well suited for an owner-operator. There is upside potential for an experienced operator to bring in residents on alternative funding programs. An actual number of beds, property info, address, financials, proformas, photos, and other relevant information to be disclosed after the NDA is signed. Prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, number of licensed beds, and all other factors pertaining to using these parcel(s) and building(s) for the buyer's intended use.