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- LoopNet Team
2100 E Madison Ave
Bastrop, LA 71220
New Construction Urgent Care · Retail Property For Sale
PROPERTY FACTS
ABOUT 2100 E MADISON AVE , BASTROP, LA 71220
-This newly constructed 3,750 SF building comes with a 10-year NNN lease with annual increases, offering an 8% capitalization rate in the first year and increasing to a return of 9% in the 10th year. Tenant pays NNN expenses on this self-managed property plus pro-rata share of capital improvements. 10 yr - -- Lease is signed and commencement expected to be June 2019. Investment Review of Urgent Care of Bastrop, Louisiana: Purchase Price: $1,357,663 NOI: $108,613 ($362.04) Increases: Annual rent increases of 1% years (2-5) & 1.5% years (6-10) Lease Term: 10-year base term with Four (4) Five (5) year options to renew with annual rent increases
PROPERTY TAXES
| Parcel Number | 200230575 | Improvements Assessment | $89,170 |
| Land Assessment | $20,000 | Total Assessment | $109,170 |
PROPERTY TAXES
