5423 Sherwood Forest BlvdBaton Rouge, LA 70816

This exceptional 7,738 square foot medical office building in Baton Rouge, Louisiana, presents a compelling investment opportunity. The property boasts a brand-new, 20-year lease with the U.S. Department of Veterans Affairs, commencing November 1, 2023, and expiring October 31, 2043. This single-tenant, fee-simple ownership offers unparalleled security with an Aaa-rated tenant and a guaranteed income stream. The building underwent a complete renovation in 2023, transforming a former credit union into a state-of-the-art facility. The VA invested $1.99 million in tenant improvements, showcasing their commitment to the location. Situated on a 0.98-acre lot with 38 parking spaces, the building enjoys a prime location within a thriving retail corridor, surrounded by major retailers such as Target, Walmart, Costco, and numerous others. The property features a 6.50% cap rate and a net operating income (NOI) of $276,323. The building is zoned LC1 Light Commercial and was originally constructed in 2010. This is a rare opportunity to acquire a secure, high-yield investment with a long-term lease and a strong tenant. The property's location in Baton Rouge, Louisiana's state capital, provides additional stability and growth potential. The asking price is $4,251,123, representing a price per square foot of $549.38. The property's APN is 1986511 and 1986503.