923 Pinhook Rd Lafayette, LA 70503

This exceptional investment opportunity presents a 17,409-square-foot retail property in Lafayette, Louisiana, currently leased to St. Joseph Hospice, part of The Carpenter Health Network. The property boasts a strong 6.40% cap rate and a substantial net operating income (NOI) of $482,899. Situated on a 1.6-acre lot at 923 W Pinhook Rd, 70503, this NNN lease features a remaining term of 12.3 years, extending to March 17, 2037, with built-in 2% annual rent increases. The property benefits from a prime location near Highway 90, experiencing high traffic counts averaging 54,522 vehicles daily, and enjoys proximity to major retailers such as Walmart, Dollar General, and Starbucks, as well as significant healthcare infrastructure including the Ochsner Lafayette General Medical Center (334+ beds) and the University of Louisiana (16,200+ students). The lease commenced March 18, 2022, and includes two 5-year renewal options, each with 2% annual rent increases. St. Joseph Hospice provides inpatient hospice care with 16 rooms, catering to a significant local need. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment opportunity within a thriving market boasting a 5-mile population of 126,222 and an average household income of $82,220. The building was constructed in 2016 and currently enjoys 100% occupancy. This is a land, building, and long-term lease investment