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Views: 33 DOM: 86 Updated: 11.05.24 Posted: 08.21.24 Status: Active 08.21.24

Summary

Price $11,704,500
Built/Renov 1993/2007
Tenant SAGE Rehabilitation Hospital
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 22,971
Lease Start 03-18-2022
#Units 3
Price/SF $509.53
Expiration 03-17-2037
Tenant Type Medical/Health
NOI $749,088
R. Term 12.4
Ownership Fee Simple
Rent/SF $32.61
Increases 2.0%/1/yrs
Pop 5Mi 201,444
Lot/AC 0.82
Options 2/5yrs/2%
AHHI 5Mi $91,936

Lease Highlights

  • SAGE Rehabilitation Hospital has 12+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the primary term and option periods
  • Part of a portfolio of 11 health care properties that may be purchased individually
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

6 of the Carpenter Health portfolio properties are located in Baton Rouge, LA, the capital of Louisiana. These properties are located near I-10 where traffic counts average 180,587 vehicles per day and near I-12 where traffic counts average 144,045 vehicles per day. The subject property, SAGE Rehabilitation Hospital, is a skilled nursing facility with a 45-bed capacity. Additionally, it is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

SAGE Rehabilitation Hospital (Sage Rehab) and SAGE Outpatient Services are partnered providers of comprehensive rehabilitation programs and part of The Carpenter Health Network in Louisiana....


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,035 65,902 198,016
2024 Total Population : 6,182 66,891 199,083
2024 Employed Civilian Pop : 3,465 37,452 107,870
2024 Total Businesses : 1,412 7,356 15,348
2024 Average Household Income : $ 82,718 $ 110,438 $ 93,009
2024 Total Consumer Spending : $ 236 M $ 3034 M $ 7118 M
2024 Median Age : 40 39 34
2024 Total Households : 3,224 31,404 86,691
2024 Pop Age 25+: Bachelor's Degree : 1,208 15,712 37,483
2024 Average Home Value : $ 356,991 $ 425,867 $ 368,926
*ESRI data is presented for informational purposes only

Listing Broker

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