8375 Florida Blvd Denham Springs, LA 70726

This exceptional investment opportunity presents a 36,287 square foot, single-tenant net lease property located at 8375 Florida Blvd, Denham Springs, LA 70726. The property, built in 1965, boasts a 100% occupancy rate with a strong, creditworthy tenant: Sage Specialty Hospital, operating under a 15-year NNN lease commencing March 17, 2022, and expiring March 16, 2037. This leaves over 12 years remaining on the lease term. The lease includes annual rent increases of 2%, providing consistent income growth. The property generates a substantial net operating income (NOI) of $342,707, resulting in an attractive 6.40% cap rate. The asking price is $5,354,809, translating to a price per square foot of $147.57. The property is strategically situated near Highway 190, experiencing high daily traffic counts averaging 74,022 vehicles. Its location benefits from proximity to major retailers such as Michaels, TJMaxx, ULTA, Ross, and more, as well as a significant medical presence, including Our Lady of the Lake Regional Medical Center, approximately 6 miles away. The surrounding area demonstrates strong demographics, with a 1-mile average household income of $110,225 and a 5-mile population of 70,497. Sage Specialty Hospital provides long-term acute care, serving patients with complex medical needs. The Carpenter Health Network, a well-established operator with 38 locations across the South, manages the facility. This offering presents a compelling investment opportunity with a stable, high-performing tenant, attractive financial metrics, and a desirable location. The property includes land and building. The business itself is not for sale. Two 5-year lease options exist, each with 2% annual rent increases.