Net-Leased Bluebonnet Medical Office Investment

Office for Sale
Sale Pending
Catylist Listing ID: 30835224
Property Subtypes: Business Park, Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development, Other
Status: Pending
Building Size (RSF): 4,098 SF
Gross Building Area: See Agent
Sale Price: $1,400,000
Unit Price: $341.63 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 3/14/2023

Overview / Comments

5015 Bluebonnet Blvd offers the rare opportunity to own a net-leased medical office investment situated along Baton Rouge's most coveted professional corridor.

A true "hands-off" investment, the NNN lease is effective through February 28, 2029, and contains an option to renew for an additional 5 years with 3% annual rental increases.

The tenant - The Smile Studio - occupies 100% of the building, has a second location in Zachary, and has provided dental and orthodontic services to the greater Baton Rouge area for years.

Located in the desirable Estancia office park.

• NNN Lease with 6 Years Remaining on Base Term
• Option to Renew with Rent Increases
• Single Tenant - Well-Established, Multi-Location Dental and Orthodontic Practice

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Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 62
Tax ID/APN: 021-9863-0
Property Located Between: I-10 and Jefferson Hwy
Property Visibility: Excellent
Airports: Baton Rouge Metropolitan Airport (BTR)
Total Number of Buildings: 1
Number of Stories: 1
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,745 89,911 232,623
Median Age: 36.21 37.21 35.85
Households: 5,985 40,020 97,442


Photograph of Listing Agent

Fabian Edwards

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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