11546 Florida BlvdBaton Rouge, LA 70815

Property Details for 11546 Florida Blvd

Year built

1982

Lot size

2.26 AC

Property size (Sq ft)

16,146 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

957917

APU

957917

Description

Exceptional investment opportunity in Baton Rouge, Louisiana, featuring the Capitol House Nursing & Rehab Center, a 32,000 square foot facility operating under a triple-net (NNN) lease with The Carpenter Health Network. This 100% occupied property boasts a 12.3-year remaining lease term (expiring March 17, 2037), with built-in 2% annual rent increases. The property, built in 1950 and renovated in 1995, sits on a 2.4-acre lot at 11546 Florida Blvd, Baton Rouge, LA 70815. The lease commenced March 18, 2022, and includes two 5-year renewal options. The property generates a strong net operating income (NOI) of $536,846, resulting in an attractive 6.40% capitalization rate. Its strategic location near major medical facilities, including Our Lady of the Lake Regional Medical Center, Baton Rouge General Medical Center, and Ochsner Medical Center, ensures high demand and stable occupancy. The surrounding area exhibits robust demographics, with a 5-mile population of 159,351 and an average household income of $84,022. Furthermore, its proximity to Interstate 12 (144,045 average daily traffic) and Louisiana State University provides additional advantages. This is a rare opportunity to acquire a high-performing, stable healthcare investment with significant long-term growth potential. The asking price is $8,388,225.

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4583

Longitude

-91.0553

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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