For Sale
$2,153,041

1001 Gerstner Memorial Dr Lake Charles, LA 70601

High-yield, Net Lease Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
134
This 8,319 square foot medical office building in Lake Charles, Louisiana, is currently 100% occupied by Talecris Plasma Resources, a subsidiary of Grifols, under a Net Lease agreement. The property, built in 2007 and situated on a 1.13-acre lot at 1001 Gerstner Memorial Dr, boasts a strong location with high visibility and traffic counts. Gerstner Memorial Drive sees 21,500 vehicles per day, and the property enjoys immediate access to Interstate 210 (45,100 VPD). Its proximity to Lake Charles Memorial Hospital (314 beds) and Chennault International Airport further enhances its strategic position. The current lease commenced December 1, 2006, and expires January 31, 2026, offering a remaining lease term of approximately 1.2 years. The lease includes 2% annual rent bumps and two 5-year renewal options. The property generates a Net Operating Income (NOI) of $193,773, representing a 9.00% cap rate on the asking price of $2,153,041. The tenant, Talecris Plasma Resources, has a significant operating history at this location since 2006, demonstrating a long-term commitment. The strong tenant, coupled with the favorable lease terms and prime location, makes this a compelling investment opportunity. Over 82,000 people reside within a five-mile radius, with an average household income of $76,493. This e-commerce resistant, essential business offers a stable and attractive investment profile.

Highlights

  • E-commerce resistant, essential business operations.
  • Multiple lease renewals demonstrate tenant loyalty and long-term commitment.
  • Strong operating history since 2006.
  • Tenant, Talecris (a Grifols subsidiary), is a publicly traded global healthcare company (NASDAQ: GRFS).
  • 2% annual rent escalations.
  • High-traffic location on Gerstner Memorial Drive (21,500 vehicles per day).

Property Details for 1001 Gerstner Memorial Dr

Property type
Retail properties, Office properties
Square Feet
8,319 SF
Year Built
2007
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Lake Charles
County
Calcasieu Parish
State
Louisiana
Latitude
30.2248067
Longitude
-93.1796526

FAQs

What type of property is this?
Retail property - High-yield, Net Lease Investment Opportunity
Where is the retail property located?
The property is located at 1001 Gerstner Memorial Dr Lake Charles, LA.
What is the asking price?
The asking price for this property is $2,153,041.
What are key features of this property?
This property features: E-commerce resistant, essential business operations.; Multiple lease renewals demonstrate tenant loyalty and long-term commitment.; Strong operating history since 2006.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1001 Gerstner Memorial Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message