SAGE Specialty Hospital

204 Energy Parkway, Lafayette, LA 70508

$8,453,185

Cap Rate 6.40%

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 12.3	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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Key Features

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

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Links

SAGE Specialty Hospital Wikipedia Lafayette, Louisiana Zip Code 70508 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 :	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

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

68 Listings
6033 Views
10 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

68 Listings
6033 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

68 Listings
6033 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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