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FAST PACE HEALTH URGENT CARE | ABSOLUTE NET 280A Rees St 2,800 SF 100% Leased Retail Building Breaux Bridge, LA 70517 $1,763,214 ($629.72/SF) 7% Cap Rate
Investment Highlights
- Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options.
- Premier Medical Tenant – Fast Pace Health Operates over 320 Clinics Across 8 States.
- Near Ochsner St. Martin Hospital – a Full-Service Healthcare Facility offering 24/7 ER Care, Advanced Imaging, Rehabilitation, Primary Care, etc
- Prime Retail Corridor Location with Exceptional Visibility – Along Rees Street, one of Breaux Bridge’s most Heavily Traveled Commercial Arteries.
- Located less than One Mile from I-10 Connecting Lafayette and Baton Rouge.
- Strategic Positioning near Schools and Family Neighborhoods – the Property benefits from its Proximity to Local Elementary, Middle, and High Schools.
Executive Summary
Fast Pace Health Urgent Care | Long Term Absolute Net Lease | One of the Fastest-Growing Companies in the Industry | Major Commercial Artery of Breaux Bridge | Less than a Mile to/from I-10 - Direct Access to Lafayette and Baton Rouge | Near Ochsner St. Martin Hospital | Full- Service Medical Campus | High Local Demand for Urgent Care | Recession-Resistant Medical Corridor
Louisiana Broker of Record: Steve Greer | 10527 Kentshire Ct., Ste. B Baton Rouge, LA 70810 | P: (225) 376-6800 | Lic #: BROK.995710346-ACT | Steve.Greer@MarcusMillichap.com
Louisiana Broker of Record: Steve Greer | 10527 Kentshire Ct., Ste. B Baton Rouge, LA 70810 | P: (225) 376-6800 | Lic #: BROK.995710346-ACT | Steve.Greer@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,800 SF
Year Built
2021
Price
$1,763,214
Price Per SF
$629.72
Cap Rate
7%
NOI
$123,425
Percent Leased
100%
Building Height
1 Story
Building FAR
0.12
Lot Size
0.52 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Fast Pace Health Urgent Care
- Retailer
- 2,800 SF
- -
- Triple Net
- May 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Fast Pace Health Urgent Care | Retailer | 2,800 SF | - | Triple Net | May 2036 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 06901G3336 | Improvements Assessment | $6,660 |
| Land Assessment | $1,530 | Total Assessment | $8,190 |
Property Taxes
Parcel Number
06901G3336
Land Assessment
$1,530
Improvements Assessment
$6,660
Total Assessment
$8,190
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FAST PACE HEALTH URGENT CARE | ABSOLUTE NET | 280A Rees St
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