St. Joseph Hospice

8950 East Kings Highway, Shreveport, LA

$5,593,190

Price

6.25%

Cap Rate

$349,574.40

NOI

Overview
Cap Rate
6.25%
NOI
$349,574.40
Building Size
20,043 sqft
Lot Area
3.496 acres
Occupancy
100%
Lease Type
Triple Net
Year Built
1998
Price Per Sqft
$297.06
Tenancy
Single
Lease Expire Year
3/17/2037
Description

St. Joseph’s Hospice is located in Shreveport, Louisiana, a city located in the northwest corner of Louisiana and sits near the borders of Arkansas, Louisiana, and Texas. This property is located near Youree Drive where traffic counts average 23,955 vehicles per day. Other nearby tenants include Walmart, Target, Hobby Lobby, Lowe’s, ULTA, Chick-Fil-A, Taco Bell, Zips Car Wash, and more. This property is also located near Louisiana State University in Shreveport where approximately 9,300+ students are enrolled.

Highlights
  • St. Joseph Hospice is on a NNN lease with more than 12 ½ years remaining and 2% annual rent increases.
  • St. Joseph Hospice provides In Patient Hospice Care with 16 rooms. Specializing in providing peace, comfort and dignity to those facing a life-limiting illness with top quality care to patients and their families. Hospice is holistic care that addresses physical, emotional, spiritual and practical concerns.
  • The Carpenter Health Network is a well-established healthcare operator with 38 locations across the south in Texas, Arkansas, Louisiana, Mississippi, Alabama, and Florida.
  • This property is located near Willis Knighton Piermont Health Center with 144+ Beds, and CHRISTUS Highland Medical Center with 214+ Beds.
  • 5-mile population of 99,554 and average household income of $89,368.
  • Shreveport is home to Louisiana State University of Shreveport where approximately 9,300+ students are enrolled.
Documents
Title
St._Joseph_Hospice_-_Shreveport__LA_MP.pdf
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Location
Gallery