971 Robert Blvd - Medical FOR SALE


Slidell, LA 70458- Outlying St Tammany Parish
$2,300,000 USD
813-210-7741
971 Robert Blvd, Slidell, LA for Sale
$2,300,000 USD
Medical - FOR SALE
1/2
null | 8.04% Cap Rate


HIGHLIGHTS

  • Long Term Lease with Multiple Options to Renew - 6 Years Remaining on Initial 10 Year Term with (3) 5 Year Options
  • 2022 Construction Offered Below Replacement Cost - $373 PPSF | Property Kept in Immaculate Condition
  • Well Positioned with Frontage on Main Thoroughfare - Excellent Visibility with Access at Lighted Intersection
  • Strategically Located within Market - Multiple Schools in Immediate Vicinity of Property
  • Located in Highly Concentrated Medical Corridor - Outparcel to Sterling Surgical Hospital
  • Low Expiring Rent/Sf Provides Safety for Investor - $30/SF Rental Rate at Expiration of Current Term in 2032

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$373 USD /SF

CAP RATE

8.04%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coastal Urgent Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

-

APN/PARCEL ID

86174

ASK ABOUT THIS PROPERTY

Christopher BiusoMarcus & MillichapMore Info
813-210-7741

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Christopher BiusoMarcus & MillichapMore Info
813-210-7741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.