Listed by Elifin Realty Baton Rouge
$1,300,000
NNN Leased Single Tenant Medical Office For Sale
Details
APN 0363135
Property Type Office
Sub Type Medical Office
Square Footage 5,004
Cap Rate 7.00%
Tenancy Single
Lease Expiration 12/30/2031
Rent Bumps Yes
Pro-Forma NOI $91,800
Class A
Year Built 2023
Buildings 1
Stories 1
Acreage 0.630
Zoning C3 - Commercial
Office | 7.00% CAP | 5,004 SqFt
Marketing description
Now for sale, 230 Veterans Blvd offers a ±5,004 SF occupied retail property in Denham Springs, LA.
The tenant is currently under a NNN lease with a 5-year term expiring 3/31/2031 and has occupied the building since 2023. The property generates a 7% cap rate on a $91,800 NOI with 3% annual increases.
Features include a roof replaced in 2014 with a 50-year warrant and HVAC systems replaced during the COVID period.
Positioned along Veterans Blvd in Denham Springs, the property benefits from its location within an established commercial corridor and is minutes from US Hwy-190 and I12.
Investment highlights
- NNN lease structure with ±5 years remaining and 3% annual rent increases
- In-place tenant since 2023 providing stabilized income
- Roof replaced in 2014 with a 50-year warranty
- HVAC systems replaced during the COVID period
Listing Contacts
Listed by Elifin Realty Baton Rouge
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