Log In/Sign Up
Your email has been sent.
Coastal Urgent Care 971 Robert Blvd 6,161 SF Office Building Slidell, LA 70458 $3,203,532 CAD ($519.97 CAD/SF) 8.04% Cap Rate
Investment Highlights
- Long Term Lease with Multiple Options to Renew - 6 Years Remaining on Initial 10 Year Term with (3) 5 Year Options
- Well Positioned with Frontage on Main Thoroughfare - Excellent Visibility with Access at Lighted Intersection
- Located in Highly Concentrated Medical Corridor - Outparcel to Sterling Surgical Hospital
- 2022 Construction Offered Below Replacement Cost - $373 PPSF | Property Kept in Immaculate Condition
- Strategically Located within Market - Multiple Schools in Immediate Vicinity of Property
- Low Expiring Rent/Sf Provides Safety for Investor - $30/SF Rental Rate at Expiration of Current Term in 2032
Executive Summary
This recently constructed medical facility, built in 2022, offers a rare opportunity to acquire a high-quality asset at a price below replacement cost. The property is secured by a long-term lease with six years remaining on the initial 10-year term and three additional five-year renewal options, providing stable income and long-term security for investors. Current rent levels are well below market, with a $30 per square foot rate at lease expiration in 2032, creating a strong hedge against future market fluctuations.
The building spans 6,161 square feet and features a large, adaptable footprint suitable for a variety of medical uses. Designed with functionality in mind, the property includes a covered drop-off area and ample parking to accommodate patient and staff needs. Positioned along a main thoroughfare with excellent visibility and access at a lighted intersection, the site benefits from strong traffic exposure and ease of access. Located within a highly concentrated medical corridor, the property sits as an outparcel to Sterling Surgical Hospital and is surrounded by multiple schools and established healthcare providers. The surrounding market is supported by consistent population growth projected through 2030 and a robust employment base anchored by major employers such as The Greenbrier Companies, NuCore, Lockheed Martin, and the John C. Stennis Space Center. This combination of strong demographics, industry presence, and healthcare demand makes this offering a compelling investment opportunity for those seeking long-term stability and growth potential.
The building spans 6,161 square feet and features a large, adaptable footprint suitable for a variety of medical uses. Designed with functionality in mind, the property includes a covered drop-off area and ample parking to accommodate patient and staff needs. Positioned along a main thoroughfare with excellent visibility and access at a lighted intersection, the site benefits from strong traffic exposure and ease of access. Located within a highly concentrated medical corridor, the property sits as an outparcel to Sterling Surgical Hospital and is surrounded by multiple schools and established healthcare providers. The surrounding market is supported by consistent population growth projected through 2030 and a robust employment base anchored by major employers such as The Greenbrier Companies, NuCore, Lockheed Martin, and the John C. Stennis Space Center. This combination of strong demographics, industry presence, and healthcare demand makes this offering a compelling investment opportunity for those seeking long-term stability and growth potential.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,161 SF
Building Class
B
Year Built
2022
Price
$3,203,532 CAD
Price Per SF
$519.97 CAD
Cap Rate
8.04%
NOI
$257,439 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,161 SF
Building FAR
0.09
Lot Size
1.59 AC
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 86174 | Improvements Assessment | $154,360 CAD |
| Land Assessment | $0 CAD | Total Assessment | $154,360 CAD |
Property Taxes
Parcel Number
86174
Land Assessment
$0 CAD
Improvements Assessment
$154,360 CAD
Total Assessment
$154,360 CAD
Contacts
-
Christopher Biuso -
Peter Carden -
Spencer Koch -
Caitlin Lancaster
-
Marcus & Millichap
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Coastal Urgent Care | 971 Robert Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.