St. Joseph Hospice
$1,819,213
507 Upstream Street, New Orleans, LA 70123
For Sale
Retail
Other
Active
Last Updated: 09/09/2025
7
Cap Rate
127,344
NOI
Details:
Cap Rate: 7%
NOI: $127,344
Building Size: 10,138 sqft
Lot Area: 0.24 acres
Year Built: 2005
Tenancy: Single
Highlights:
- St. Joseph Hospice is on a NNN lease with 11 Years, 6 Months remaining and 2% annual rent increases.
- St. Joseph Hospice provides In Patient Hospice Care with 10 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 in River Ridge, LA a suburb of New Orleans. Nearby tenants include Winn-Dixie, McDonalds, Tulane Lakeside Hospital (121 Beds), Ochsner Medical Center (767 Beds) , New Orleans Children’s Hospital (236 Beds), and more.
- Strong demographics with a 5-mile population of 186,685 and average household income of $92,570.
- Located approximately 7 miles from the Louis Armstrong New Orleans International Airport. The MSY airport was awarded Best Airport in North America in 2022 and 2023 by the Airports Council International.
Description:
St. Joseph Hospice is located in River Ridge, Louisiana, a suburb of New Orleans located along the Mississippi River. This property is located near Highway 90 where traffic counts average 51,470 vehicles per day. Nearby retailers include, Winn-Dixie, Walgreens, McDonalds, Smoothie King, Walmart, Hobby Lobby, The Home Depot, and more. This property is also located near Tulane Lakeside Hospital (121 Beds), Ochsner Medical Center (767 Beds), and New Orleans Children’s Hospital (236 Beds).
Documents:
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St._Joseph_Hospice_-_River_Ridge__LA_MP.pdf
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