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Open Health Care Clinic 30789 Range Ave 2,920 SF Office Building Denham Springs, LA 70726 $540,958 ($185.26/SF) 9.50% Cap Rate
Investment Highlights
- Modified Net Lease Structure- Allows for Passive Ownership
- 3-Year Lease Renewal Executed in October 2025- Demonstrates Tenant’s Commitment to the Location
- Replaceable Rental Rate- Tenant Currently Pays $15.25/SF in net Rent
- Growing Practice with Strong Fundamentals - Location has Three Full Time Providers
- High-Yield Medical Office Investment Opportunity - 8.23% Cap Rate Year 1 - Attractive Price Point
- Potential Upside - Tenant has no Options to Renew the Lease
Executive Summary
Modified Net Lease Structure- Allows for Passive Ownership
Growing Practice with Strong Fundamentals
- Location has Three Full Time Providers
- Offers Wide Variety of Services: Adult Primary Care, Behavioral Health, and Pediatric Primary Care
3-Year Lease Renewal Executed in October 2025- Demonstrates Tenant’s Commitment to the Location
High-Yield Medical Office Investment Opportunity
- 8.23% Cap Rate Year 1
- Attractive Price Point
Replaceable Rental Rate- Tenant Currently Pays $15.25/SF in net Rent
Potential Upside
- Tenant has no Options to Renew the Lease
- Allows for Lease Re-Structuring Opportunity in 2.5 Years
Strong Market Presence- Open Health Care Clinic has Eight Locations in the Baton Rouge Market
Major Employment Sector of Baton Rouge
Baton Rouge Combines a Large-Scale Health System with Academic Medicine from Louisiana State University Which Becomes a Direct Source of Providers to Local Practic
Growing Practice with Strong Fundamentals
- Location has Three Full Time Providers
- Offers Wide Variety of Services: Adult Primary Care, Behavioral Health, and Pediatric Primary Care
3-Year Lease Renewal Executed in October 2025- Demonstrates Tenant’s Commitment to the Location
High-Yield Medical Office Investment Opportunity
- 8.23% Cap Rate Year 1
- Attractive Price Point
Replaceable Rental Rate- Tenant Currently Pays $15.25/SF in net Rent
Potential Upside
- Tenant has no Options to Renew the Lease
- Allows for Lease Re-Structuring Opportunity in 2.5 Years
Strong Market Presence- Open Health Care Clinic has Eight Locations in the Baton Rouge Market
Major Employment Sector of Baton Rouge
Baton Rouge Combines a Large-Scale Health System with Academic Medicine from Louisiana State University Which Becomes a Direct Source of Providers to Local Practic
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Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,920 SF
Building Class
B
Year Built
2009
Price
$540,958
Price Per SF
$185.26
Cap Rate
9.50%
NOI
$51,391
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,920 SF
Building FAR
0.07
Lot Size
1.00 AC
Parking
15 Spaces (5.14 Spaces per 1,000 SF Leased)
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0582031 | Improvements Assessment | $56,400 |
| Land Assessment | $10,000 | Total Assessment | $66,400 |
Property Taxes
Parcel Number
0582031
Land Assessment
$10,000
Improvements Assessment
$56,400
Total Assessment
$66,400
Contacts
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Giovanni Figueiredo -
Christopher Biuso -
Spencer Koch -
Caitlin Lancaster -
Marcus & Millichap
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