Single-Tenant Medical
For Sale
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108 Westover Dr, Thibodaux, LA 70301
Built in 2017, this 6,520 SF medical center is leased long-term to Fresenius Medical Care.
Property Size6,520 SF
Days on Market120
Property Features for 108 Westover Dr
General Information
Standard status
Active
Size
6,520 SF
Property subtype
Retail
Additional Details
Cap Rate
6%
Building Details
Year Built
2017
Tenancy
Single
Listing Agency:
Peranich Huffman Net Lease Group
Listed By:
Harrison Warr · License #TX 773332
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 5:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peranich Huffman Net Lease Group
Investment Insights
Based on property information with market context.
Built in 2017, this single-tenant medical facility totals 6,520 SF and is occupied by Fresenius Medical Care. The property was completed in 2017, and Fresenius signed a 15-year lease at that time.
The lease is structured on a net basis. The tenant is responsible for landscaping, property taxes, utilities, insurance premiums, and janitorial services, as well as the interior of the premises and HVAC repair up to $2,500 per repair. The landlord is responsible for the structure, replacement and repair of the roof, the parking lot, and HVAC costs exceeding $2,500.
The lease includes annual rental rate escalations of 1.7% during the initial period, and the tenant has three 5-year renewal options with 2% annual escalations. The offering is presented with 7.7 years remaining on the initial lease term.
The lease is structured on a net basis. The tenant is responsible for landscaping, property taxes, utilities, insurance premiums, and janitorial services, as well as the interior of the premises and HVAC repair up to $2,500 per repair. The landlord is responsible for the structure, replacement and repair of the roof, the parking lot, and HVAC costs exceeding $2,500.
The lease includes annual rental rate escalations of 1.7% during the initial period, and the tenant has three 5-year renewal options with 2% annual escalations. The offering is presented with 7.7 years remaining on the initial lease term.
Key Highlights
- 6,520 SF, single‑tenant medical facility built in 2017, leased to Fresenius Medical Care
- 15‑year lease signed upon completion in 2017; 7.7 years of initial term remaining
- Lease includes 1.7% annual rental rate escalations
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 70301, LA
46,661
Population
20,993
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
88%
High-School Grad
283.8 sq mi
ZIP Area
164
Density / Sq Mi
$62,470
Median Household Income
$42,296
Median Earnings
$1,008
Median Rent
$217,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Built in 2017, this 6,520 SF medical center is leased long-term to Fresenius Medical Care.
Where is this medical center located?
The property is located at 108 Westover Dr Thibodaux, LA.
What are key features of this property?
This property features: 6,520 SF, single‑tenant medical facility built in 2017, leased to Fresenius Medical Care; 15‑year lease signed upon completion in 2017; 7.7 years of initial term remaining; Lease includes 1.7% annual rental rate escalations
