902 Main St, Baker, LA 70714-3444

This exceptional investment opportunity presents a 3,600 square foot, single-tenant retail property leased to Fast Pace Health Urgent Care. Located at 902 Main St, Baker, LA 70714, this property boasts a 15-year NNN lease commencing November 14, 2021, with a remaining term of 12 years and rent bumps built in. The asking price is $2,122,286, representing a 5.25% cap rate and a price per square foot of $589.52. The property, built in 2021, sits on a 0.71-acre lot and enjoys 100% occupancy since October 31, 2021. The Net Operating Income (NOI) is $111,420. This investment benefits from a credit-rated tenant with a corporate guarantee, minimal landlord responsibilities (excluding long-term roof warranty, structure, and parking lot), and is situated in a high-traffic area near major retailers and employers, including Walmart, CVS, Exxon, and Southern University. The property's location on LA Hwy 19 sees over 24,000 cars daily. This is a strong, recession-resistant investment with a long-term lease and a rapidly expanding tenant with 141 locations across four states. The property's APN is 015-1267-6.