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Investment Details

Price: $1,989,765 Location: River Ridge, LA
Cap Rate: 6.40% Lease Type: NNN
NOI: $127,344 Lease Expiration: March 2037
Demographic Information (5-Mile Radius)
2024 Population: 188,846
2029 Population: 185,846
2024 Average Household Income: $95,963
2024 Median Household Income: $65,814
Contact
Deborah Vannelli, CCIM
deb@upland.com
612.376.4475
Keith Sturm, CCIM
keith@upland.com
612.376.4488

ST. JOSEPH HOSPICE

River Ridge | Louisiana
Highlights
• St. Joseph Hospice is on a NNN lease with 12 years remaining and 2% annual rent increase
• St. Joseph Hospice provides In Patient Hospice Care with 10 rooms.
• The Carpenter Health Network is a well-established healthcare operator with 38 locations
• This property is located in River Ridge, LA a suburb of New Orleans.
• Strong demographics with a 5-mile population of 188,486 and average household income of $95,963.
• Net lease investment portfolio includes land, building, & long term lease. Business is not for sale.

ST. JOSEPH HOSPICE

River Ridge | Louisiana

Highlights
• St. Joseph Hospice is on a NNN lease with 12 years remaining and 2% annual rent increase
• St. Joseph Hospice provides In Patient Hospice Care with 10 rooms.
• The Carpenter Health Network is a well-established healthcare operator with 38 locations
• This property is located in River Ridge, LA a suburb of New Orleans.
• Strong demographics with a 5-mile population of 188,486 and average household income of $95,963.
• Net lease investment portfolio includes land, building, & long term lease. Business is not for sale.

Investment Details

Price: $1,989,765
Location: River Ridge, LA
Cap Rate: 6.40%
Lease Type: NNN
NOI: $127,344
Lease Expiration: March 2037
Demographic Information (5-Mile Radius)
2024 Population: 188,846
2029 Population: 185,846
2024 Average Household Income: $95,963
2024 Median Household Income: $65,814
Contact
Deborah Vannelli, CCIM
deb@upland.com
612.376.4475
Keith Sturm, CCIM
keith@upland.com
612.376.4488

©2015 Upland Real Estate Group, Inc. All rights reserved. Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489
©2015 Upland Real Estate Group, Inc. All rights reserved.
Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489