Homedica House Calls | STAT Home Health

8923 Bluebonnet Boulevard, Baton Rouge, LA 70810

$1,326,510

Cap Rate 6.40%

Views: 15 DOM: 29 Updated: 08.21.24 Posted: 08.21.24 Status: Active 08.21.24

Summary

Price $1,326,510	Built/Renov 1996/2005	Tenant Homedica House Calls \| STAT Home Health
Cap Rate 6.40%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 6,991	Lease Start 03-18-2022	#Units 8
Price/SF $189.75	Expiration 03-17-2037	Tenant Type Medical/Health
NOI $84,897	R. Term 12.6	Ownership Fee Simple
Rent/SF $12.14	Increases 2.0%/1/yrs	Pop 5Mi 134,370
Lot/AC 0.64	Options 2/5yrs/2%	AHHI 5Mi $106,161

Lease Highlights

Homedica House Calls | STAT Home Health 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

The subject property is strategically located along Bluebonnet Boulevard which sees 25,545 vehicles passing by daily. 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 property including Walgreens, CVS Pharmacy, McDonald’s, Walmart, and many more. The 5-mile trade...

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Key Features

Dense retail corridor
Strategically located
Freeway close
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Annual rent increases
Corporate Guarantee

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Links

Homedica House Calls | STAT Home Health Wikipedia Baton Rouge, Louisiana Zip Code 70810 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Homedica House Calls
Guarantor:Corporate
Company:The Carpenter Health Network
# Units:8
Stock:Private

About Tenant

STAT Home Health and Homedica HouseCalls provide traditional healthcare services and rehabilitative care in patient homes and are part of The Carpenter Health Network in Louisiana. Both providers...

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Listing Broker

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

66 Listings
4952 Views
10 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

66 Listings
4952 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
4952 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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