This exceptional investment opportunity presents a 6,520-square-foot, Class A, freestanding medical building in Thibodaux, Louisiana. The property, built in 2017, is currently 100% occupied by Fresenius Medical Care under a net lease with a corporate guarantee. The lease, commencing September 30, 2017, has a remaining term of nine years, with three five-year renewal options. Annual rent escalations are 1.7% during the initial term and 2% during the renewal options, providing a hedge against inflation. The property boasts a strong 5.90% capitalization rate and a Net Operating Income (NOI) of $226,878. The tenant is responsible for most operating expenses, including property taxes, insurance, utilities, and maintenance (up to $2,500 per HVAC repair). Landlord responsibilities are limited to structural repairs exceeding $2,500, roof replacement, and parking lot maintenance. Situated on a 1.45-acre lot at 108 Westover Dr, Thibodaux, LA 70301, this single-story building benefits from its location in a high-traffic retail area alongside major national retailers. This investment offers a secure, long-term income stream backed by a financially stable, investment-grade tenant. The property's recent construction minimizes potential repair costs, making it an attractive option for investors seeking a low-maintenance, high-return asset in the essential healthcare sector.
Highlights
Corporate guarantee from Fresenius Medical Care Holdings, Inc.
Lease features 1.7% annual rent escalations initially, increasing to 2% during three 5-year renewal options.
Located in a high-traffic retail area with national retailers like Lowe's and Walmart.
Tenant responsible for most operating expenses, including taxes, insurance, and utilities; landlord responsible for structural repairs over $2,500, roof, and parking lot.
2017 construction minimizes future repair costs.
Investment in essential healthcare business, providing stability in current market conditions.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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 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 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].
Contacts
Harrison Warr
Visit Broker Website
Learn more
Useful Information
Request information
108 Westover Dr, Thibodaux, Louisiana, 70301
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
108 Westover Dr
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.