8000 Summa Ave Baton Rouge, LA 70809

This exceptional investment opportunity presents a 27,971 square foot medical office building in Baton Rouge, Louisiana, currently leased to Sage Rehabilitation Hospital, part of The Carpenter Health Network. The property boasts a strong 6.40% cap rate and a substantial net operating income (NOI) of $749,088. Situated on a 0.82-acre lot at 8000 Summa Ave, 70809, this single-tenant, NNN lease offers significant long-term stability with 12.3 years remaining on a 15-year lease, commencing March 17, 2022, and expiring March 16, 2037. The lease includes 2% annual rent bumps and two 5-year options with the same annual increase. Built in 1993 and renovated in 2007, the facility is strategically located near Our Lady of the Lake Regional Medical Center, a major hospital, and benefits from high daily traffic volume on Interstate 10. The 45-bed skilled nursing facility offers inpatient rehabilitation services, including a stroke program and LSVT Parkinson's program. The property's strong location within a thriving medical corridor, coupled with the long-term lease and built-in rent increases, makes this an attractive investment with a price per square foot of $418.45 and an asking price of $11,704,500. The surrounding area boasts a robust demographic profile, with a 5-mile population of 201,444 and a 3-mile average household income of $112,723. The property is not a business for sale