NNN Leased Single Tenant Medical Office For Sale

Investment Overview

Now for sale, 230 Veterans Blvd offers a ±5,004 SF occupied retail property in Denham Springs, LA. The tenant is currently under a NNN lease with a 5-year term expiring 3/31/2031 and has occupied the building since 2023. The property generates a 7% cap rate on a $91,800 NOI with 3% annual increases. Features include a roof replaced in 2014 with a 50-year warrant and HVAC systems replaced during the COVID period. Positioned along Veterans Blvd in Denham Springs, the property benefits from its location within an established commercial corridor and is minutes from US Hwy-190 and I-12.

Investment Highlights

• NNN lease structure with ±5 years remaining and 3% annual rent increases
• In-place tenant since 2023 providing stabilized income
• Roof replaced in 2014 with a 50-year warranty
• HVAC systems replaced during the COVID period