10615 Jefferson Hwy Baton Rouge, LA 70809-7230

This exceptional investment opportunity presents a 16,400-square-foot retail property in Baton Rouge, Louisiana, currently operating as a healthcare facility under a triple-net (NNN) lease. The property, built in 2008 and situated on a 0.57-acre lot at 10615 Jefferson Hwy, boasts a strong 100% occupancy rate with a substantial remaining lease term of 12.3 years. The lease commenced March 17, 2022, and extends to March 16, 2037, featuring built-in 2% annual rent increases. The current asking price is $6,827,625, translating to a compelling $416.32 per square foot and a 6.40% capitalization rate based on a net operating income (NOI) of $436,968. The tenant, The Carpenter House | St. Joseph Hospice, is part of The Carpenter Health Network, a well-established healthcare operator with a significant presence across the Southern United States. This strategically located property benefits from its proximity to major medical facilities, including Our Lady of the Lake Regional Medical Center, Baton Rouge General Medical Center, and Ochsner Medical Center. The property also enjoys excellent demographics, with a 5-mile population exceeding 190,000 and an average household income of $99,622. Its location near Interstate 10 (180,587 vehicles daily) and Louisiana State University further enhances its appeal. The lease includes two 5-year renewal options, each with 2% annual rent increases, providing long-term stability and predictable income growth for the investor. This is a rare opportunity to acquire a high-performing, net-leased healthcare property in a thriving market.