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Views: 37 Updated: 08.21.24 Posted: 05.27.24 Status: Inactive 08.21.24

Summary

Price $8,453,185
Built/Renov 1994/1995
Tenant SAGE Specialty Hospital
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 53,290
Lease Start 03-18-2022
#Units 3
Price/SF $158.63
Expiration 03-17-2037
Tenant Type Medical/Health
NOI $541,004
R. Term 12.2
Ownership Fee Simple
Rent/SF $10.15
Increases 2.0%/1/yrs
Pop 5Mi 138,859
Lot/AC 7.38
Options 2/5yrs/2%
AHHI 5Mi $93,630

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 a 31-bed facility offering comprehensive treatment programs with a skilled nursing unit. It is strategically located along Energy Parkway, near Highway 90 where traffic counts average 54,522 vehicles per day. Other nearby tenants include Walmart, Dollar General, Starbucks, Taco Bell, Office Depot, Outback Steakhouse, etc. These properties are also located near the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 7,670 52,507 141,557
2024 Total Population : 7,383 50,861 137,728
2024 Employed Civilian Pop : 3,924 27,114 69,075
2024 Total Businesses : 1,449 6,288 11,235
2024 Average Household Income : $ 75,123 $ 101,585 $ 90,125
2024 Total Consumer Spending : $ 249 M $ 2066 M $ 4718 M
2024 Median Age : 36 38 38
2024 Total Households : 3,736 23,257 59,487
2024 Pop Age 25+: Bachelor's Degree : 1,164 11,304 25,993
2024 Average Home Value : $ 342,094 $ 382,969 $ 327,483
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Feu Follet Road E Bayou Pkwy 2022 2,904 0.28 mi
W Pinhook Rd Energy Pkwy 2004 27,678 0.33 mi
E Bayou Pkwy Kaliste Saloom Rd 2006 7,699 0.34 mi
E Bayou Pkwy Fanny St 2004 3,339 0.45 mi
Industrial Parkway W Pinhook Rd 2022 693 0.47 mi
Kaliste Saloom Rd Cecile Dr 2004 42,617 0.48 mi
S Beadle Rd Owens Ln 2004 4,777 0.48 mi
South Beadle Road Pebblestone Dr 2022 4,327 0.54 mi
West Pinhook Road James Comeaux Rd 2022 27,718 0.54 mi
Verot School Road W Pinhook Rd 2022 6,102 0.56 mi

Listing Broker

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