Capitol House Nursing & Rehab Center

11546 Florida Boulevard, Baton Rouge, LA 70815

$8,388,225

Cap Rate 6.40%

Views: 79 DOM: 87 Updated: 08.12.24 Posted: 06.24.24 Status: Active

Summary

Price $8,388,225	Built/Renov 1950/1995	Tenant Capitol House Nursing & Rehab Center
Cap Rate 6.40%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 32,000	Lease Start 03-18-2022	#Units 1
Price/SF $262.13	Expiration 03-17-2037	Tenant Type Medical/Health
NOI $536,846	R. Term 12.6	Ownership Fee Simple
Rent/SF $16.78	Increases 2.0%/1/yrs	Pop 5Mi 159,351
Lot/AC 2.40	Options 2/5yrs/2%	AHHI 5Mi $84,022

Lease Highlights

Capitol House Nursing & Rehab Center has 12+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 2% annual rental escalations throughout the primary term and option periods
Part of a portfolio of 11 healthcare properties that may be purchased individually or as a portfolio
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

The subject property is strategically located along Florida Boulevard with clear visibility and access to more than 50,000 vehicles passing by daily. The site features a skilled nursing facility with 132 beds. Additionally, the site is near I-10 where traffic counts average 180,587 VPD, and near I-12 where traffic counts average 144,045 VPD. Several national/credit tenants surround the...

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Key Features

Extensive TI’s
Build to suit
High traffic 50M+ VPD
Strategically located
Highway location
Top 100 MSA
Strong demographics
Absolute NNN
Annual rent increases
Corporate Guarantee

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Links

Capitol House Nursing & Rehab Center Wikipedia Baton Rouge, Louisiana Zip Code 70815 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Capitol House Nursing & Rehab
Guarantor:Corporate
Company:The Carpenter Health Network
# Units:1
Stock:Private

About Tenant

Capitol House Nursing & Rehabilitation Center is an assisted living facility and is part of The Carpenter Health Network in Louisiana. The single location was founded prior to 2011 in Baton Rouge,...

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Listing Broker

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

66 Listings
4954 Views
10 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

66 Listings
4954 Views
10 Sold

Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Keith Sturm

Upland Real Estate Group, Inc.

Contact

66 Listings
4954 Views
10 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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