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17170 S I-12 Service RdPonchatoula, LA 70454
Northshore Eye
Asset ClassHealthcare Facility, Office
Deal Size$7.2 M
Cap Rate: 8%Occupancy: 100%Access Data Room
Single‑tenant, NNN Ophthalmology MOB & ASC, near North Oaks Medical Center
overview of deal

Overview

Zeustra is proud to present an unparalleled investment opportunity in a best‑in‑class ophthalmology and ambulatory surgery center campus totaling 17,665 SF, fully NNN‑leased to the highly regarded Northshore Eye Associates and Northshore ASC. Purpose‑built in 2010 with specialized medical infrastructure—including two operating rooms, an on‑site optical lab, and a six‑bed recovery suite—this asset is designed for clinical efficiency and patient comfort. With a secure 7‑year lease commenced July 1, 2023 (five years remaining) and built‑in 2.5% annual rent escalators, investors will benefit from a predictable, inflation‑protected income stream. The tenant’s mission‑critical use and triple‑net lease structure shift all operating expenses to the tenant, delivering true hands‑off ownership and institutional‑quality cash flow.

 

Strategically located on the high‑growth I‑12 corridor between Baton Rouge and New Orleans—just one mile from the 330‑bed North Oaks Medical Center—this campus captures a robust referral network and a regional population exceeding 250,000. Hammond’s MSA continues to expand, fueled by healthcare, education, and logistics sectors, and faces limited supply of specialized outpatient surgical space. This turnkey property offers discerning investors a rare combination of market resilience, demographic momentum, and best‑in‑class tenancy—positioning it as a cornerstone holding for any healthcare‑focused portfolio.

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Investment Highlights

  • Secure NNN Income: 7‑year triple‑net lease (5 years remaining) with Northshore Eye Associates & Northshore ASC
  • Purpose‑Built Medical Facility: 17,665 SF constructed in 2010 with two ORs, on‑site optical lab & six‑bed recovery suite.
  • Premier Healthcare Location: One mile from the 330‑bed North Oaks Medical Center on the high‑growth I‑12 corridor between Baton Rouge and New Orleans.
  • High Barrier to Entry: Limited supply of specialized outpatient surgical space reinforces long‑term demand.
  • Mission‑Critical Tenancy: 100% leased to best‑in‑class ophthalmology practice and ASC, ensuring minimal rollover risk.
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17170 S I-12 Service RdPonchatoula, LA 70454
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Listing provided by Revere CRE