For Sale
$8,453,185

204 Energy PkwyLafayette, LA 70508

High-yield NNN leased medical building.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 53,290 square foot medical facility in Lafayette, Louisiana, currently 100% occupied by Sage Specialty Hospital, a part of The Carpenter Health Network. The property sits on a 53,290 square foot lot at 204 Energy Pkwy, 70508, enjoying a prime location near Highway 90, boasting an average daily traffic count of 54,522 vehicles. The hospital benefits from its proximity to major medical facilities like Ochsner Lafayette General Medical Center (334+ beds) and the University of Louisiana (16,200+ students). The NNN lease, commenced March 17, 2022, has a remaining term of 12.3 years, extending to March 16, 2037, with built-in 2% annual rent increases. The current asking price is $8,453,185, representing a compelling 6.40% cap rate and a price per square foot of $158.63. The property's strong NOI of $541,003 reflects the stability and profitability of this investment. The building, constructed in 1994, serves a substantial 5-mile population of 137,728 with an average household income of $90,125. The lease includes two 5-year options, each with 2% annual rent increases. Sage Specialty Hospital (LTAC) provides specialized care for patients with complex medical needs, further enhancing the property's long-term value. The surrounding area includes numerous national retailers such as Walmart, Dollar General, Starbucks, Taco Bell, Office Depot, and Outback Steakhouse, indicating a thriving commercial environment. This is a turnkey investment in a high-growth area with a strong tenant and a secure, long-term lease. The business itself is not for sale

Highlights

  • 53,290 SF medical facility in Lafayette, LA, on a NNN lease with over 12 years remaining and 2% annual rent increases.
  • The tenant, Sage Specialty Hospital (LTAC), is part of The Carpenter Health Network, a well-established healthcare operator.
  • Prime location near Highway 90 with high daily traffic counts, and close proximity to Ochsner Lafayette General Medical Center and the University of Louisiana.
  • Strong demographics: 137,728 population within a 5-mile radius, with an average household income of $90,125.
  • $8,453,185 asking price, representing a 6.40% cap rate and $158.63 PSF.

Property Details for 204 Energy Pkwy

Property type
Retail properties, Medical space
Square Feet
53,290 SF
Year Built
1994

Location Insight

City
Lafayette
County
Lafayette Parish
State
Louisiana
Latitude
30.180317370159
Longitude
-92.010573860857
204 Energy Pkwy, Lafayette, Louisiana

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204 Energy Pkwy
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