Single-Tenant Office Medical

SouthStar (Hulin Health) Urgent Care & Medical Clinic | Baton Rouge MSA | Long Term Abs Net Lease

58300 Belleview Dr, Plaquemine (Baton Rouge MSA), LA 70764

Listing Price: $1,525,000

Cap Rate
7.50%
Tenant Name
Southstar Urgent Care
Years Remaining On Lease
12.40
Gross SF
3,750
Guarantor
Corporate Guarantee
Rentable SF
3,750
Price/Gross SF
$406.67
Lease Type
Absolute Net
Rent Per Square Feet
$30.50

Investment Overview

Plaquemine is a city in and the parish seat of Iberville Parish, Louisiana, and is part of the Baton Rouge Metropolitan Statistical Area. The City is Home to Dow Chemical Plant, Shin Tech and much more booming in-dustry along the Mississippi River. Plaquemine is accessed by four highways, LA 3066, LA 75, LA 77, and the scenic LA 1, which continues north to Interstate 10/ Baton Rouge and south to Donaldsonville, and is only 25 miles away from Louisiana’s State Capitol City, Baton Rouge. Baton Rouge is the second largest metropolitan city in the state and is the political hub of Louisiana. It is also home to both LSU and Southern University. The city of Baton Rouge is a major industrial, petrochemical, medical, research, motion picture, and growing technology center of the American South. It is the location of Louisiana State University, the LSU System’s flagship university and the largest institution of higher education in the state. The Port of Greater Baton Rouge is the 10th-largest in the United States in terms of tonnage shipped, and is the farthest upstream Mississippi River port capable of handling Panamax ships.

Investment Highlights

  • Long Term Absolute Net Lease Featuring Favorable Annual Rental Increases throughout the Initial Term and CPI Annual Adjustments at Each Option. Brand New 2021 Construction.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access & Excellent Visibility to Traffic Counts Exceeding 13k Vehicles.
  • Hulin Health (SouthStar's Parent Company) Recently Partnered with Shore Capital, a Private Equity Company with more than $1Billion of Equity Capital under Management.
  • Robust Industry – Urgent Care Operators are taking Advantage of the Growing Millennial Market as well as the Shift in Patient Desire for Convenient and Easily Accessible Care.
  • Bedroom Community of Baton Rouge - Densely Populated Area: Features more than 90k People Residing within a 5-Mile Radius.
  • In Close Proximity to Ochser Medical Complex Iberville - A New 40k+ Sq.Ft. State-of-the-Art Medical Complex.

Exclusively Listed By

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

Single-Tenant Office Medical

SouthStar (Hulin Health) Urgent Care & Medical Clinic | Baton Rouge MSA | Long Term Abs Net Lease

Listing Price: $1,525,000

Cap Rate
7.50%
Tenant Name
Southstar Urgent Care
Years Remaining On Lease
12.40
Gross SF
3,750
Guarantor
Corporate Guarantee
Rentable SF
3,750
Price/Gross SF
$406.67
Lease Type
Absolute Net
Rent Per Square Feet
$30.50

Investment Highlights

  • Long Term Absolute Net Lease Featuring Favorable Annual Rental Increases throughout the Initial Term and CPI Annual Adjustments at Each Option. Brand New 2021 Construction.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access & Excellent Visibility to Traffic Counts Exceeding 13k Vehicles.
  • Hulin Health (SouthStar's Parent Company) Recently Partnered with Shore Capital, a Private Equity Company with more than $1Billion of Equity Capital under Management.
  • Robust Industry – Urgent Care Operators are taking Advantage of the Growing Millennial Market as well as the Shift in Patient Desire for Convenient and Easily Accessible Care.
  • Bedroom Community of Baton Rouge - Densely Populated Area: Features more than 90k People Residing within a 5-Mile Radius.
  • In Close Proximity to Ochser Medical Complex Iberville - A New 40k+ Sq.Ft. State-of-the-Art Medical Complex.

Investment Overview

Plaquemine is a city in and the parish seat of Iberville Parish, Louisiana, and is part of the Baton Rouge Metropolitan Statistical Area. The City is Home to Dow Chemical Plant, Shin Tech and much more booming in-dustry along the Mississippi River. Plaquemine is accessed by four highways, LA 3066, LA 75, LA 77, and the scenic LA 1, which continues north to Interstate 10/ Baton Rouge and south to Donaldsonville, and is only 25 miles away from Louisiana’s State Capitol City, Baton Rouge. Baton Rouge is the second largest metropolitan city in the state and is the political hub of Louisiana. It is also home to both LSU and Southern University. The city of Baton Rouge is a major industrial, petrochemical, medical, research, motion picture, and growing technology center of the American South. It is the location of Louisiana State University, the LSU System’s flagship university and the largest institution of higher education in the state. The Port of Greater Baton Rouge is the 10th-largest in the United States in terms of tonnage shipped, and is the farthest upstream Mississippi River port capable of handling Panamax ships.

Exclusively Listed By

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

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