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102 Hatchell Ln, Denham Springs, LA, 70726

Thrive Pet Healthcare
$1,470,842

Key Information

Cap Rate
7%
$ per SF
$97
Tot. SF
15,068
Year Built
2022
Term Remaining
±5.27 YRS
Type
Healthcare
Occupancy
100%
NOI
$102,959

Highlights

  • Stable Investment – There are over 5 years remaining on the NNN lease with 2% annual increases and four, 5-year options to extend the lease.

  • Scheduled Rent Increases | Hedge Against Inflation – The lease features annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.

  • Healthcare Real Estate | Recession Resistant Property – Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.

  • Concentrated Corridor – The property offers convenient access to a broad selection of surrounding services and destinations. Within a ±5-mile radius, the area features a mix of residential communities, schools, parks, offices, and major retailers like Walmart Supercenter, The Home Depot, Sam’s Club, Starbucks, The Pines at North Park, Chick-fil-A, and Denham Springs Elementary School.

Photos

Location

Agents

Financing Agents

Broker of Record

Donnie Jarreau

License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16173 Perkins Road Baton Rouge, LA 70810