Many, LA - SouthStar Urgent Care
$1,744,000
160 San Antonio Ave, Many, LA 71449
6.5
Cap Rate
113,337
NOI
Details:
Description:
• The tenant currently has 3.5 years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features annual rental increases of 1.50% throughout the initial term and options thereafter, growing NOI and hedging against inflation
• The 5-mile trade area is supported by approximately 4,655 residents, providing a consistent consumer base for neighborhood-serving retail.
• Average household incomes are solid across the trade area, ranging from
$60,624 within three miles to $64,556 within five miles, supporting service-oriented and daily-needs uses
• The area benefits from a strong employment presence, with approximately 3,707 employees within five miles, including 2,030 employees within one mile, driving reliable daytime traffic
Location
Gallery