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Office Medical

Coastal Urgent Care

971 Robert Blvd, Slidell, LA 70458

Listing Price: $2,300,000

Cap Rate
8.04%
Gross SF
6,161
Rentable SF
6,161
Price/Gross SF
$373.32
Occupancy
100.0%
Year Built
2022
Lot Size
1.50 acres

Investment Overview

• Long Term Lease with Multiple Options to Renew
- 6 Years Remaining on Initial 10 Year Term with (3) 5 Year Options
• 2022 Construction Offered Below Replacement Cost
- $406 PPSF | Property Kept in Immaculate Condition
• Well Positioned with Frontage on Main Thoroughfare
- Excellent Visibility with Access at Lighted Intersection
• Strategically Located within Market
- Multiple Schools in Immediate Vicinity of Property
• Located in Highly Concentrated Medical Corridor
- Outparcel to Sterling Surgical Hospital
• Low Expiring Rent/Sf Provides Safety for Investor
- $30/SF Rental Rate at Expiration of Current Term in 2032
• Large Footprint is Adaptive for Multiple Medical Uses
- 6,161 SF Building with Covered Drop Off and Ample Parking
• Consistently Growing Population in 3,5- and 10-Mile Radius
- Population Growth Projected to continue Through 2030
• Significant Industry in Submarket and Surrounding Markets
- Home to The Greenbrier Companies, NuCore, Lockheed Martin
and more including John C. Stennis Space Center

Investment Highlights

  • • Long Term Lease with Multiple Options to Renew - 6 Years Remaining on Initial 10 Year Term with (3) 5 Year Options
  • • 2022 Construction Offered Below Replacement Cost - $406 PPSF | Property Kept in Immaculate Condition
  • • Well Positioned with Frontage on Main Thoroughfare - Excellent Visibility with Access at Lighted Intersection
  • • Strategically Located within Market - Multiple Schools in Immediate Vicinity of Property
  • • Located in Highly Concentrated Medical Corridor - Outparcel to Sterling Surgical Hospital
  • • Low Expiring Rent/Sf Provides Safety for Investor - $30/SF Rental Rate at Expiration of Current Term in 2032
  • • Large Footprint is Adaptive for Multiple Medical Uses - 6,161 SF Building with Covered Drop Off and Ample Parking
  • • Consistently Growing Population in 3,5- and 10-Mile Radius - Population Growth Projected to continue Through 2030

Exclusively Listed By

Financing By

Office Medical

Coastal Urgent Care

Listing Price: $2,300,000

Cap Rate
8.04%
Gross SF
6,161
Rentable SF
6,161
Price/Gross SF
$373.32
Occupancy
100.0%
Year Built
2022
Lot Size
1.50 acres

Investment Highlights

  • • Long Term Lease with Multiple Options to Renew - 6 Years Remaining on Initial 10 Year Term with (3) 5 Year Options
  • • 2022 Construction Offered Below Replacement Cost - $406 PPSF | Property Kept in Immaculate Condition
  • • Well Positioned with Frontage on Main Thoroughfare - Excellent Visibility with Access at Lighted Intersection
  • • Strategically Located within Market - Multiple Schools in Immediate Vicinity of Property
  • • Located in Highly Concentrated Medical Corridor - Outparcel to Sterling Surgical Hospital
  • • Low Expiring Rent/Sf Provides Safety for Investor - $30/SF Rental Rate at Expiration of Current Term in 2032
  • • Large Footprint is Adaptive for Multiple Medical Uses - 6,161 SF Building with Covered Drop Off and Ample Parking
  • • Consistently Growing Population in 3,5- and 10-Mile Radius - Population Growth Projected to continue Through 2030

Investment Overview

• Long Term Lease with Multiple Options to Renew - 6 Years Remaining on Initial 10 Year Term with (3) 5 Year Options • 2022 Construction Offered Below Replacement Cost - $406 PPSF | Property Kept in Immaculate Condition • Well Positioned with Frontage on Main Thoroughfare - Excellent Visibility with Access at Lighted Intersection • Strategically Located within Market - Multiple Schools in Immediate Vicinity of Property • Located in Highly Concentrated Medical Corridor - Outparcel to Sterling Surgical Hospital • Low Expiring Rent/Sf Provides Safety for Investor - $30/SF Rental Rate at Expiration of Current Term in 2032 • Large Footprint is Adaptive for Multiple Medical Uses - 6,161 SF Building with Covered Drop Off and Ample Parking • Consistently Growing Population in 3,5- and 10-Mile Radius - Population Growth Projected to continue Through 2030 • Significant Industry in Submarket and Surrounding Markets - Home to The Greenbrier Companies, NuCore, Lockheed Martin and more including John C. Stennis Space Center

Exclusively Listed By

Financing By

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