micro-hospital

Prairieville Hospital

Market Place Dr. & Airline Highway, Prairieville, Louisiana 70769

Price: 

$10200000

Cap:

6.00%

NOI:

$612,000

Square Footage:

10,000

Lot Size:

1.1 Acres

Year Built/Remodeled:

2017


Property Description: 

Capital Commercial Partners is pleased to bring to market this to be built Prairieville General Hospital located in Prairieville, LA (Baton Rouge)

The hospital is about to start construction and has an estimated delivery date of mid to late 2017.

The facility will operate as a micro hospital and provide 24hr emergency services, radiology, and lab services. It and future facilities will be dully licensed by the DHH and enjoy the representation and protection of the AHA. This provides a distinct advantage as it will allow the hospital to provide limited inpatient services from opening day, while positioning the hospital to expand service lines when the time is right for growth.

The tenant operates several successful micro hospitals in Louisiana/Texas and will benefit from capabilities not found at emergency only facilities. This will provide a competitive advantage in the marketplace. The facility will have full blood lab, x-ray, ultrasound, and Cat Scan. They will be the only facility in Louisiana to offer the state of the art GE 64 slice Cat Scanner capable of performing calcium scores and angiograms including coronary CT angiograms (CCTA-non invasive cardiac caths). This Cat Scanner cuts radiation by up to 65% less than traditional Cat Scans. Unlike anywhere else, observation patients will be offered gourmet take out menus from area restaurants.

This opportunity offers investors brand new construction with no management responsibilities in a high growth market.

Investment Highlights:

Rare Micro Hospital with 24 Hour Emergency Services
New 20 year absolute NNN lease at COE
2% annual rent increases
Three physician personal guarantees - combined $52M net worth
Corner site on main retail corridor
Baton Rouge MSA
Impressive 32.84% population growth rate
Affluent trade area with $95,000+ average income within 3 miles
Close proximity to Wal-Mart and other national retailers

Financial Summary:

All cash

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