204 Energy Pkwy Lafayette, LA 70508-3816
Property summary
This exceptional investment opportunity presents a 53,290 square foot medical facility in Lafayette, Louisiana, currently 100% occupied by Sage Specialty Hospital, a part of The Carpenter Health Network. The property sits on a 53,290 square foot lot at 204 Energy Pkwy, 70508, enjoying a prime location near Highway 90, boasting an average daily traffic count of 54,522 vehicles. The hospital benefits from its proximity to major medical facilities like Ochsner Lafayette General Medical Center (334+ beds) and the University of Louisiana (16,200+ students). The NNN lease, commenced March 17, 2022, has a remaining term of 12.3 years, extending to March 16, 2037, with built-in 2% annual rent increases. The current asking price is $8,453,185, representing a compelling 6.40% cap rate and a price per square foot of $158.63. The property's strong NOI of $541,003 reflects the stability and profitability of this investment. The building, constructed in 1994, serves a substantial 5-mile population of 137,728 with an average household income of $90,125. The lease includes two 5-year options, each with 2% annual rent increases. Sage Specialty Hospital (LTAC) provides specialized care for patients with complex medical needs, further enhancing the property's long-term value. The surrounding area includes numerous national retailers such as Walmart, Dollar General, Starbucks, Taco Bell, Office Depot, and Outback Steakhouse, indicating a thriving commercial environment. This is a turnkey investment in a high-growth area with a strong tenant and a secure, long-term lease. The business itself is not for sale
Property profile
VerifiedCap rate & NOI
Current use
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Hospital
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Hospital
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Physician
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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