300 Hospital RdNew Roads, LA 70760

Property Details for 300 Hospital Rd

Lot size

10.78 AC

Property type

Other commercial real estate

APN

739478

APU

739478

Description

This exceptional Class A, 3,750 square foot medical office building in New Roads, Louisiana, is offered for sale at $1,675,000. Built in 2021, the property boasts a 6.31% cap rate and a strong net lease with a single tenant, currently enjoying 100% occupancy since June 1, 2021. The building is located at 300 Hospital Rd, New Roads, LA 70760, in Pointe Coupee Parish. The property features a modern design and is ideally situated to serve the local community. The current lease agreement includes a 15-year term with 12 years remaining, and provides for annual rent increases of 1.25%. The strong tenant history and favorable lease terms make this a compelling investment opportunity with a substantial net operating income (NOI) of $105,664. The asking price per square foot is $446.67. This turnkey investment is perfect for a passive investor seeking a stable, high-performing asset in a growing market. The property's excellent location and modern design make it an attractive option for a variety of medical uses. This is a rare opportunity to acquire a high-quality, fully occupied medical office building with a long-term lease in place.

• Alternative Use

  Use

  Valuation

  Residential

  $73,570,280

  Hospitality

  $67,389,976

  Educational

  $56,067,672

  Medical

  $57,995,924

  Retail

  $87,216,376

Location Insight

City

New Roads

County

Pointe Coupee

State

Louisiana

Latitude

30.6827

Longitude

-91.4631

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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