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102 Hatchell Ln
Denham Springs, LA 70726
Thrive Pet Healthcare · Retail Property For Sale
Investment Highlights
- There are over 5 years remaining on the NNN lease with 2% annual increases and four, 5-year options to extend the lease.
- There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
- This clinic is situated on Hatchell Ln, offering convenient access to major north-south and east-west thoroughfares, US-190 and LA-16.
- The lease features annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation.
- The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.
- Pet hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving.
Executive Summary
Donnie Jarreau
License No. BROK.995704351-CORP (LA)
(866) 889-0550
Jarreau Real Estate
16173 Perkins Road Baton Rouge,
LA 70810
License No. BROK.995704351-CORP (LA)
(866) 889-0550
Jarreau Real Estate
16173 Perkins Road Baton Rouge,
LA 70810
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,068 SF
Building Class
B
Year Built
2022
Price
$2,011,671 CAD
Price Per SF
$133.51 CAD
Cap Rate
7%
NOI
$140,817 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.99 AC
Property Taxes
| Parcel Number | 0362467 | Improvements Assessment | $249,830 CAD |
| Land Assessment | $28,512 CAD | Total Assessment | $278,343 CAD |
Property Taxes
Parcel Number
0362467
Land Assessment
$28,512 CAD
Improvements Assessment
$249,830 CAD
Total Assessment
$278,343 CAD
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