SAGE Specialty Hospital

8375 Florida Boulevard, Denham Springs, LA 70726

$5,354,809

Cap Rate 6.40%

Updated: 08.21.24 Posted: 05.27.24 Status: Inactive 08.21.24

Summary

Price $5,354,809	Built/Renov 1965/2020	Tenant SAGE Specialty Hospital
Cap Rate 6.40%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 36,287	Lease Start 03-18-2022	#Units 3
Price/SF $147.57	Expiration 03-17-2037	Tenant Type Medical/Health
NOI $342,708	R. Term 11.10	Ownership Fee Simple
Rent/SF $9.44	Increases 2.0%/1/yrs	Pop 5Mi 70,497
Lot/AC 11.16	Options 2/5yrs/2%	AHHI 5Mi $102,439

Lease Highlights

SAGE Specialty Hospital 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 health care properties that may be purchased individually or as a portfolio
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Sage Specialty Hospital is located in Denham Springs, Louisiana. It consists of a 54-bed facility offering comprehensive treatment programs with a skilled nursing unit. This property is located near Highway 190 where traffic counts average 74,022 vehicles per day. Nearby tenants include Dollar General, Michaels, TJMaxx, ULTA, Ross, Five Below, Crumbl, and more. The 5-mile trade area is...

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Key Features

Extensive TI’s
Build to suit
High traffic 50M+ VPD
Near major nationals
Highway close
Dense 100M+ pop 5 mi
Top 100 MSA
Absolute NNN
Annual rent increases
Corporate Guarantee

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Links

SAGE Specialty Hospital Wikipedia Denham Springs, Louisiana Zip Code 70726 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: SAGE Specialty Hospital
Guarantor:Corporate
Company:The Carpenter Health Network
# Units:3
Stock:Private

About Tenant

Sage Specialty Hospital (LTAC) is an acute long-term care hospital facility that is part of The Carpenter Health Network continuum of care in Louisiana. Sage Specialty Hospital LTAC offers...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	3,352	36,481	75,214
2024 Total Population :	2,944	34,707	71,832
2024 Employed Civilian Pop :	1,320	16,363	34,513
2024 Total Businesses :	101	1,389	2,341
2024 Average Household Income :	$ 94,013	$ 90,890	$ 94,867
2024 Total Consumer Spending :	$ 97 M	$ 1038 M	$ 2238 M
2024 Median Age :	37	37	36
2024 Total Households :	1,165	12,957	26,792
2024 Pop Age 25+: Bachelor's Degree :	394	4,103	9,283
2024 Average Home Value :	$ 219,131	$ 280,358	$ 284,859

*ESRI data is presented for informational purposes only

Listing Broker

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

72 Listings
12359 Views
16 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

72 Listings
12359 Views
16 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

72 Listings
12359 Views
16 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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