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Single-Tenant Office Medical

AMG Specialty Hospital - Houma

629 Dunn St, Houma, LA 70360

Listing Price: $12,287,000

Cap Rate
7.00%
Tenant Name
AMG Specialty Hospital
Years Remaining On Lease
9.5
Gross SF
30,328
Guarantor
Subsidiary of a Corporation
Rentable SF
30,328
Price/Gross SF
$405.14
Lease Type
Absolute Net
Rent Per Square Feet
$28.36

Investment Overview

Marcus & Millichap is pleased to present the fee simple ownership of AMG Specialty Hospital in Houma, Louisiana. This acute care hospital is located on 629 Dunn St. on a 1.7-acre plot of land with 30,328-rentable square-feet. The original lease term was twenty years, just under 10 years remain. This is an absolute triple-net lease with no landlord responsibilities. The current annual rent is $860,097 and there will be 2.5 percent annual increases throughout the remainder of the term. AMG Specialty Hospital – Houma is part of the AMG Integrated Healthcare Management Hospital System – a Top-5 Post-Acute Care Hospital System. AMG Integrated Healthcare Management is a privately owned provider of post-acute health care services. The provider employs over 950 people and has eleven locations. This location has forty beds and specializes in providing management for complex medical needs. Long Term Acute Care Hospitals like AMG Specialty Hospital – Houma exists to provide extended, high-level of care for patients requiring around the clock care that cannot be provided in your average hospital. The average stay for a patient is twenty-five days compared to a regular hospitals one to five days. Specialty medical services provided at AMG Specialty Hospital – Houma include discharge planning, renal care, wound care, dietary and nutritional care, rehabilitation therapy, and nursing services. The hospital also offers home-cooked and appropriate meals as well a patio with spacious windows to watch the boat traffic in the canal behind the building. These amenities help create an ideal place for long term recovery. The property is in a strong medical corridor within walking distance of a full-service general hospital as well as an orthopedic surgery center. These synergistic medical providers provide a steady supply of patients requiring long term acute care.

Investment Highlights

  • 9.7 Years of Lease Term Remaining
  • Absolute Triple-Net ~ No Landlord Responsibilities
  • Tenant has Invested Approximately $400K in New Roof Coating System (20-Year Warranty) and Seawall in the past 12-Months showing strong commitment to the Site
  • 2.5 Percent Annual Increases throughout the Remainder of the Term
  • Long-Term Acute Care Hospital - Specialized Care
  • Synergistic Surrounding Medical Services
  • Top-5 Post-Acute Hospital System

Exclusively Listed By

Financing By

Single-Tenant Office Medical

AMG Specialty Hospital - Houma

Listing Price: $12,287,000

Cap Rate
7.00%
Tenant Name
AMG Specialty Hospital
Years Remaining On Lease
9.5
Gross SF
30,328
Guarantor
Subsidiary of a Corporation
Rentable SF
30,328
Price/Gross SF
$405.14
Lease Type
Absolute Net
Rent Per Square Feet
$28.36

Investment Highlights

  • 9.7 Years of Lease Term Remaining
  • Absolute Triple-Net ~ No Landlord Responsibilities
  • Tenant has Invested Approximately $400K in New Roof Coating System (20-Year Warranty) and Seawall in the past 12-Months showing strong commitment to the Site
  • 2.5 Percent Annual Increases throughout the Remainder of the Term
  • Long-Term Acute Care Hospital - Specialized Care
  • Synergistic Surrounding Medical Services
  • Top-5 Post-Acute Hospital System

Investment Overview

Marcus & Millichap is pleased to present the fee simple ownership of AMG Specialty Hospital in Houma, Louisiana. This acute care hospital is located on 629 Dunn St. on a 1.7-acre plot of land with 30,328-rentable square-feet. The original lease term was twenty years, just under 10 years remain. This is an absolute triple-net lease with no landlord responsibilities. The current annual rent is $860,097 and there will be 2.5 percent annual increases throughout the remainder of the term. AMG Specialty Hospital – Houma is part of the AMG Integrated Healthcare Management Hospital System – a Top-5 Post-Acute Care Hospital System. AMG Integrated Healthcare Management is a privately owned provider of post-acute health care services. The provider employs over 950 people and has eleven locations. This location has forty beds and specializes in providing management for complex medical needs. Long Term Acute Care Hospitals like AMG Specialty Hospital – Houma exists to provide extended, high-level of care for patients requiring around the clock care that cannot be provided in your average hospital. The average stay for a patient is twenty-five days compared to a regular hospitals one to five days. Specialty medical services provided at AMG Specialty Hospital – Houma include discharge planning, renal care, wound care, dietary and nutritional care, rehabilitation therapy, and nursing services. The hospital also offers home-cooked and appropriate meals as well a patio with spacious windows to watch the boat traffic in the canal behind the building. These amenities help create an ideal place for long term recovery. The property is in a strong medical corridor within walking distance of a full-service general hospital as well as an orthopedic surgery center. These synergistic medical providers provide a steady supply of patients requiring long term acute care.

Exclusively Listed By

Financing By

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