NNN ASC | $75k Buy Side | Seller Financing

PASSIVE INCOME: Maintain a “hands-off” approach with this asset’s NNN lease calling for the tenant to cover expenses such as taxes, insurance, and maintenance.

STICKY TENANT TYPE: Ambulatory surgery centers provide a high likelihood of long-term tenancy due to high-cost buildouts, extensive licensing approvals, and the key role they play for their affiliated health system.

PROFITABLE RETURN: Offered at a favorable 8.50% cap rate, this is an excellent opportunity to acquire a specialized, health system affiliated facility while maintaining positive leverage.

SPECIALIZED FACILITY: Our Lady of the Lake Pontchartrain Surgery Center is a multi-specialty surgery center with two (2) ORs and one (1) procedure room, providing various types of surgical procedures, making this an invaluable asset to the OLOL Health System.

IDEAL HEALTHCARE LOCATION: OLOL Pontchartrain Surgery Center is located near various hospitals and medical clinics such as pediatrics, physical rehab, gastroenterology, and dermatology, creating a synergistic medical corridor and strong referral network.

EASILY ACCESSIBLE: Highway 190 Service Road provides direct access to Highway 190 (50,500 VPD), leading directly South into New Orleans or 1 mile North to Interstate 12 (81,200 VPD), the main bypass for Interstate 10, which is the main Highway running along the Gulf of Mexico.

BARRIERS TO ENTRY: Louisiana requires a licensure process overseen by Louisiana’s Department of Health. The license requires strict guidelines that ensure these highly specialized facilities are up to code and in compliance on an ongoing basis.

HEALTHY MARKET: Covington is part of the New Orleans MSA and shows the sound fundamentals of a healthy market. Covington has maintained a low vacancy rate at 3.7%, even with various new construction deliveries in the past three years, rising rental rates, and a growing population.

TOP ASC: Newsweek awarded this site as one of the best surgery centers in Louisiana based on recommendations from medical professionals and an analysis of the center's performance data.