For Sale
$1,675,000

300 Hospital RdNew Roads, LA 70760

Class A, Net Lease, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
115
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
300 Hospital Rd, New Roads, Louisiana

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300 Hospital Rd
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