Net-Leased Medical Center
For Sale
Contact for pricing
1106 Central Dr, Philadelphia, MS 39350
Two net-leased Ochsner Health medical facilities are offered for sale in Mississippi, with remaining lease term of 6.2 years.
Property SizeContact for details
Days on Market119
Property Features for 1106 Central Dr
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Cap Rate
7%
Listing Agency:
Peranich Huffman Net Lease Group Dallas
Listed By:
Nathan Huffman · License #TX 553697
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 7:46PM
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 Dallas
Investment Insights
Based on property information with market context.
Peranich Huffman Net Lease Group is pleased to offer the Ochsner Health two-property net lease portfolio for sale. The portfolio includes the Ochsner Health location at 1106 Central Dr, Philadelphia, MS, as well as a second Ochsner Health location in Meridian, MS. Both leases were extended in 2018 and currently leave 6.2 years remaining.
The Philadelphia, MS and Meridian, MS leases include respective 2023 rent escalations of 8.9% and 10.5%, along with (2) 5-year renewal options. The leases are structured on a net basis: the tenant is responsible for HVAC, interior/non-structural elements, landscaping, insurance, property taxes, utilities, and waste management. The landlord is responsible for structural components, the roof, and the parking lot.
Ochsner Health was established in 1942 and provides coordinated clinical and hospital patient care across the southeast region, with 40 hospitals, specialty hospitals, and 100+ health centers/urgent care centers.
The Philadelphia, MS and Meridian, MS leases include respective 2023 rent escalations of 8.9% and 10.5%, along with (2) 5-year renewal options. The leases are structured on a net basis: the tenant is responsible for HVAC, interior/non-structural elements, landscaping, insurance, property taxes, utilities, and waste management. The landlord is responsible for structural components, the roof, and the parking lot.
Ochsner Health was established in 1942 and provides coordinated clinical and hospital patient care across the southeast region, with 40 hospitals, specialty hospitals, and 100+ health centers/urgent care centers.
Key Highlights
- Two Ochsner Health net‑leased medical facilities in Mississippi: Ochsner Health (Philadelphia, MS) and Ochsner Health (Meridian, MS).
- Both leases have 6.2 years of lease term remaining following 2018 lease term extensions.
- Rent escalation in 2023: 8.9% for Philadelphia, MS and 10.5% for Meridian, MS.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 39350, MS
24,480
Population
9,774
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
82%
High-School Grad
413.4 sq mi
ZIP Area
59
Density / Sq Mi
$50,331
Median Household Income
$31,179
Median Earnings
$740
Median Rent
$96,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Two net-leased Ochsner Health medical facilities are offered for sale in Mississippi, with remaining lease term of 6.2 years.
Where is this medical center located?
The property is located at 1106 Central Dr Philadelphia, MS.
What are key features of this property?
This property features: Two Ochsner Health net‑leased medical facilities in Mississippi: Ochsner Health (Philadelphia, MS) and Ochsner Health (Meridian, MS).; Both leases have 6.2 years of lease term remaining following 2018 lease term extensions.; Rent escalation in 2023: 8.9% for Philadelphia, MS and 10.5% for Meridian, MS.
