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New Rapides Regional Physician Group Clinic opened July 10, 2014. Seven year lease with NNN terms guaranteed to Buyer. Major hospital tenant with parent company guarantee. Cap rate of 7.4% reflects 2% annual rent increases. Located in fastest growing area of central Louisiana between Super Wal-Mart and Walker Mercedes/BMW. - Parking description: Parking located on both sides of building - Area description: The Coliseum Blvd corridor is the future growth area of Alexandria. Since Wal-Mart opened about eight years ago it has sustained continued growth. Most future residential developments are located in this area and commercial development will continue for many years to come. - Number of buildings: 1 - Class of space: Class A - Tenancy: Single Tenant
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