St. Joseph Hospice

923 West Pinhook Road, Lafayette, LA

$7,726,393

Price

6.25%

Cap Rate

$482,899.58

NOI

Overview
Cap Rate
6.25%
NOI
$482,899.58
Building Size
17,409 sqft
Lot Area
1.6 acres
Occupancy
100%
Lease Type
Triple Net
Year Built
2016
Price Per Sqft
$443.82
Tenancy
Single
Lease Expire Year
3/17/2037
Description

St. Joseph Hospice is located in Lafayette, Louisiana near Highway 90 where traffic counts average 54,522 vehicles per day. Other nearby tenants include Walmart, Dollar General, Starbucks, Taco Bell, Office Depot, Outback Steakhouse, etc. This property is located near the Ochsner Lafayette General Medical Center with 334+ beds and the University of Louisiana where approximately 16,200+ 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 Ochsner Lafayette General Medical Center with 334+ Beds and The University of Louisiana Lafayette where approximately 16,200+ students are enrolled.
  • 5-mile population of 125,723 and average household income of $86,188.
  • Lafayette is located in the heart of Cajun and Creole Country, and is known as the “Happiest City in America.” Lafayette offers a unique blend of culture, music, food, and natural beauty and is steeped in French Acadian and Louisiana Creole traditions.
Documents
Title
The_Carpenter_Health_Network_Portfolio_MP_-_R.pdf
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Location
Gallery