507 Upstream St River Ridge, LA 70123

This property is a net lease investment opportunity including land, building, and a long-term lease. The business is not for sale. The property is currently occupied by St. Joseph Hospice, operating under a NNN lease with over 11 years remaining and annual rent increases of 2%. St. Joseph Hospice provides in-patient hospice care with 10 rooms, specializing in providing comfort and dignity to individuals facing life-limiting illnesses, offering care to patients and their families. The Carpenter Health Network, a healthcare operator with 38 locations across the southern United States, operates the facility. Located in River Ridge, Louisiana, a suburb of New Orleans, the property is near Winn-Dixie, McDonalds, Tulane Lakeside Hospital (121 Beds), Ochsner Medical Center (767 Beds), and New Orleans Children’s Hospital (236 Beds). The surrounding area has strong demographics, with a 5-mile population of 186,685 and a 1-mile average household income of $114,257. The property is approximately 7 miles from Louis Armstrong New Orleans International Airport, which was awarded Best Airport in North America in 2022 and 2023 by the Airports Council International. River Ridge is located along the Mississippi River, providing access to New Orleans landmarks such as the French Quarter, Bourbon Street, Cafe du Monde, the Garden District, and St. Louis Cathedral. The building has a size of 10138 square feet.