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26443074
26443075

102 Hatchell Ln, Denham Springs, LA 70726

AE
CA - 0255475, (CA) -02055475
Matthews
MM
CA CA 01982943
Matthews
RC
CA CA 01986299
Matthews
TS
CA 02238285
Matthews
Listed by Matthews
$1,470,842
318 days on market
Updated 29 days ago

THRIVE PET HEALTHCARE | NNN Lease | 2% Annual Escalators

Details
Property Type Office
Sub Type Medical Office
Square Footage 15,068
Net Rentable (SqFt) 15,068
Cap Rate 7.00%
NOI $102,959
Tenancy Single
Lease Type NNN
Lease Term 11.8
Lease Expiration 10/30/2030
Remaining Term 4.3
Rent Bumps Yes
Lease Options 4, 5-Year Options
Price per SqFt $98
Broker Co-Op Yes
Year Built 2022
Acreage 2.060
Investment Type Net Lease
Lease Commencement 01/31/2019
Ground Lease No

NNN Lease | 7.00% Cap Rate | 2% Annual Increases | National Operator

Investment highlights

  • STABLE INVESTMENT: There are over 5 years remaining on the NNN lease with 2% annual increases and four, 5-year options to extend the lease.

  • SCHEDULED RENT INCREASES I HEDGE AGAINST INFLATION: The lease features annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.

  • HEALTHCARE REAL ESTATE I RECESSION RESISTANT PROPERTY: Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the
    economy and e-commerce trends that affect traditional retail properties.

  • CONCENTRATED CORRIDOR: The property offers convenient access to a broad selection of surrounding services and destinations. Within a ±5-mile radius, the area features a mix of residential communities, schools, parks, offices, and major retailers like Walmart Supercenter, The Home Depot, Sam’s Club, Starbucks, The Pines at North Park, Chick-fil-A, and Denham Springs Elementary School.

  • VERY PASSIVE LEASE STRUCTURE: There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.

  • ROBUST GROWTH INDUSTRY: The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.

  • STRATEGICALLY LOCATED FACILITY: This clinic is situated on Hatchell Ln, offering convenient access to major north-south and east-west thoroughfares, US-190 and LA-16.

  • TRUSTED PROVIDER: Thrive Pet Healthcare supports over 380 veterinary practices across the U.S., earning trust through its commitment to high-quality care, integrated specialty services, and professional development for its teams of general practitioners and veterinary specialists.

  • TENANT INVESTMENT IN LOCATION: Pet hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving and build-outs.

Listing Contacts

AE
CA - 0255475, (CA) -02055475
Matthews
MM
CA CA 01982943
Matthews
RC
CA CA 01986299
Matthews
TS
CA 02238285
Matthews
Listed by Matthews

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$
$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,959.00
$8,579.92/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Map

Zoning

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I-1 IndustrialLight IndustrialIndustrial
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Last updated Mar 16, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Donnie Jarreau
License
BROK.995704351-CORP (LA)
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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