For Sale
$8,388,225

11546 Florida BlvdBaton Rouge, LA 70815

Baton Rouge Healthcare Center, 6.4% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional investment opportunity in Baton Rouge, Louisiana, featuring the Capitol House Nursing & Rehab Center, a 32,000 square foot facility operating under a triple-net (NNN) lease with The Carpenter Health Network. This 100% occupied property boasts a 12.3-year remaining lease term (expiring March 17, 2037), with built-in 2% annual rent increases. The property, built in 1950 and renovated in 1995, sits on a 2.4-acre lot at 11546 Florida Blvd, Baton Rouge, LA 70815. The lease commenced March 18, 2022, and includes two 5-year renewal options. The property generates a strong net operating income (NOI) of $536,846, resulting in an attractive 6.40% capitalization rate. Its strategic location near major medical facilities, including Our Lady of the Lake Regional Medical Center, Baton Rouge General Medical Center, and Ochsner Medical Center, ensures high demand and stable occupancy. The surrounding area exhibits robust demographics, with a 5-mile population of 159,351 and an average household income of $84,022. Furthermore, its proximity to Interstate 12 (144,045 average daily traffic) and Louisiana State University provides additional advantages. This is a rare opportunity to acquire a high-performing, stable healthcare investment with significant long-term growth potential. The asking price is $8,388,225.

Highlights

  • NNN lease with 12+ years remaining and 2% annual rent increases.
  • Capitol House Nursing & Rehab provides short-term rehab and long-term care.
  • Operated by The Carpenter Health Network, a well-established operator with 38 locations across the South.
  • Excellent location near Our Lady of the Lake Regional Medical Center and other major hospitals.
  • Strong demographics: 5-mile radius with 159,351 residents and $84,022 average household income.
  • Located in Baton Rouge, Louisiana's capital city, along the Mississippi River.

Property Details for 11546 Florida Blvd

Property type
Retail properties, Office properties
Square Feet
32,000 SF
Year Built/Renovated
1950/1995
Lot Size (sq. ft)
104,544 SF

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4580576
Longitude
-91.0553541
11546 Florida Blvd, Baton Rouge, Louisiana

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11546 Florida Blvd
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