For Sale
$1,675,000

300 Hospital Rd New Roads, LA 70760

Class A, Net Lease, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A, 3,750 square foot medical office building in New Roads, Louisiana, is offered for sale at $1,675,000. Built in 2021, the property boasts a 6.31% cap rate and a strong net lease with a single tenant, currently enjoying 100% occupancy since June 1, 2021. The building is located at 300 Hospital Rd, New Roads, LA 70760, in Pointe Coupee Parish. The property features a modern design and is ideally situated to serve the local community. The current lease agreement includes a 15-year term with 12 years remaining, and provides for annual rent increases of 1.25%. The strong tenant history and favorable lease terms make this a compelling investment opportunity with a substantial net operating income (NOI) of $105,664. The asking price per square foot is $446.67. This turnkey investment is perfect for a passive investor seeking a stable, high-performing asset in a growing market. The property's excellent location and modern design make it an attractive option for a variety of medical uses. This is a rare opportunity to acquire a high-quality, fully occupied medical office building with a long-term lease in place.

Highlights

  • $1,675,000 asking price for a 3,750 SF Class A medical office building.
  • Net lease investment opportunity with a 6.31% cap rate.
  • 100% occupancy with a single tenant (SouthStar Urgent Care) since June 1, 2021.
  • NNN lease with 12 years remaining on a 15-year term, including 1.25% annual rent increases.
  • Located at 300 Hospital Rd, New Roads, LA 70760.

Property Details for 300 Hospital Rd

Property type
Office properties, Medical offices
Square Feet
3,750 SF
Class
A
Year Built
2021
Buildings
1

Location Insight

City
New Roads
County
Pointe Coupee Parish
State
Louisiana
Latitude
30.683959807592
Longitude
-91.463543571435

FAQs

What type of property is this?
Office property - Class A, Net Lease, 100% Occupied
Where is the office property located?
The property is located at 300 Hospital Rd New Roads, LA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: $1,675,000 asking price for a 3,750 SF Class A medical office building.; Net lease investment opportunity with a 6.31% cap rate.; 100% occupancy with a single tenant (SouthStar Urgent Care) since June 1, 2021.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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300 Hospital Rd
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