Net-Leased Dialysis
148 Hector Avenue Gretna, LA 70056
For Sale
$2,380,703
Single-tenant DaVita dialysis facility is leased on an absolute net basis with lease expiration in 2029.
Property Size6,455 SF
Price / SF$368.84
Days on Market33
Property Features for 148 Hector Avenue
General Information
Standard status
Active
Size
6,455 SF
Property subtype
Office
Building Details
Year Built
2005
Listing Agency:
Boutique National, LLC (Bounat)
(813) 967-6077
Listed By:
Nick Ganey, CCIM · License #SL3145813
Source:
Bounat
Added: Jun 25
Changed: Jul 20
Last Checked: Jul 27 at 3:45AM
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 Boutique National, LLC (Bounat)
Investment Insights
Based on property information with market context.
The property is a single-tenant net leased DaVita dialysis facility. It is leased on an absolute net basis with zero landlord responsibilities. The lease is structured with annual 1.5% escalations and is set to expire on September 7, 2029. Two additional five-year renewal options are included.
The facility is located at 148 Hector Avenue in Gretna, Louisiana, a local suburb of New Orleans.
The facility is located at 148 Hector Avenue in Gretna, Louisiana, a local suburb of New Orleans.
Key Highlights
- Single‑tenant DaVita dialysis facility built in 2005
- Absolute net lease with zero landlord responsibilities
- Leased to Renal Treatment Centers Southeast, LP (DaVita subsidiary)
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.3k | $27.00 |
| − Vacancy | −$17.4k | −$2.70 |
| EGI | $156.8k | $24.30 |
| − OpEx | −$62.7k | −$9.72 |
| NOI | $94.1k | $14.58 |
6,455 SF · lease $27.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.34M
$1.18M – $1.57M
NOI $94,107 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,202 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical center - Single-tenant DaVita dialysis facility is leased on an absolute net basis with lease expiration in 2029.
Where is this medical center located?
The property is located at 148 Hector Avenue Gretna, LA.
What is the asking price?
The asking price for this property is $2,380,703.
What are key features of this property?
This property features: Single‑tenant DaVita dialysis facility built in 2005; Absolute net lease with zero landlord responsibilities; Leased to Renal Treatment Centers Southeast, LP (DaVita subsidiary)
