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4407 Highway 190 East Service Rd
Covington, LA 70433

$2,446,218 USD

Medical For Sale  •  8,446 SF

Property Details

  • Property Type Medical
  • Total Building Size 8,446 SF
  • Lot Size 1 AC
  • Building Class B
  • Year Built 2008
  • Cap Rate 8.50 %
  • Tenancy Single
  • Zoning HC2
0 Transit Score
20 Walk Score

Highlights

Maintain a “hands-off” approach with this asset’s NNN lease calling for the tenant to cover expenses such as taxes, insurance, and maintenance.
Ambulatory surgery centers provide a high likelihood of long-term tenancy due to high-cost buildouts, and extensive licensing approvals.
Offered at a favorable 8.50% cap rate, this is an excellent opportunity to acquire a specialized, health system affiliated facility
Our Lady of the Lake Pontchartrain Surgery Center is a multi-specialty surgery center with two (2) ORs and one (1) procedure room
Highway 190 Service Road provides direct access to Highway 190 (50,500 VPD)
This location was rated as a Top ASC both in Louisiana and across the US
Cap Rate: 8.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Our Lady-Lake Pontchartrain 8,446 SF 8/31/2027
Ryan Burke 470-242-0547 Matthews Real Estate Investment Services
Ryan Burke 470-242-0547 Matthews Real Estate Investment Services