Net-Leased Dialysis
For Sale
$2,380,703
148 Hector Avenue, Gretna, LA 70056
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 Market120
Property Features for 148 Hector Avenue
General Information
Standard status
Active
Size
6,455 SF
Class
B
Property subtype
Office
Building Details
Building Size
6,455 SF
Year Built
2005
Tenancy
Single
Listing Agency:
Boutique National, LLC (Bounat)
Listed By:
Nick Ganey, CCIM · License #SL3145813
(813) 967-6077
Source:
Bounat
Added: Jun 25
Changed: Oct 6
Last Checked: Oct 20 at 6:31PM
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)
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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
Estimated NOI and Cap Rate
NOI / Yr
$94,107
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,882,140
$1.9M
Cap Rate 7%
$1,344,386
$1.3M
Cap Rate 9%
$1,045,633
$1.0M
Market Conditions
NOI Build-Up for 6,455 SF
Gross rent
$174.3K $27.00/SF
− Vacancy
−$17.4K −$2.70/SF
EGI
$156.8K $24.30/SF
− OpEx
−$62.7K −$9.72/SF
NOI
$94.1K $14.58/SF
Area
Jefferson County, LA
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,882,140
Cap Rate 7%
$1,344,386
Cap Rate 9%
$1,045,633
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,770
Businesses Nearby
Explore this area
Business Placement
Demographics for 70056, LA
41,498
Population
15,784
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
87%
High-School Grad
6.8 sq mi
ZIP Area
6,103
Density / Sq Mi
$61,831
Median Household Income
$36,062
Median Earnings
$1,163
Median Rent
$223,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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)
