1911 Main StFranklin, LA 70538

Property Details for 1911 Main St

Year built

2020

Lot size

0.78 AC

Property type

Office properties

Property subtype

Medical offices

Description

Exceptional investment opportunity: a 3,600 square foot, fee-simple medical office building in Franklin, Louisiana. This property is currently 100% occupied by Fast Pace Health Urgent Care under an absolute triple-net (NNN) lease with a corporate guarantee from FP UC Holdings, LLC, providing minimal landlord responsibilities. The lease boasts a remaining term of 12.4 years, expiring March 31, 2037, and includes three five-year option periods with a 10% rent increase at year 11 and subsequent option periods. The property sits on a 0.78-acre lot and was built in 2020. The asking price is $2,128,266, representing a 6.75% cap rate with a current net operating income (NOI) of $143,658. The building is strategically located at 1911 Main Street, a high-traffic area with over 22,163 vehicles per day, and is surrounded by strong national and local tenants, including O'Reilly Auto Parts, McDonald's, Burger King, and more. The average household income within a five-mile radius is $54,217. This property offers a compelling combination of strong tenant occupancy, long-term lease security, and attractive financial metrics, making it an ideal investment opportunity. The lease structure includes responsibility for structure and load-bearing walls only.

Location Insight

City

Franklin

County

St. Mary Parish

State

Louisiana

Latitude

29.8109

Longitude

-91.511

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