Humana (CenterWell Senior Primary Care) - Prairieville, LA

JLL is pleased to offer for sale the fee-simple interest in a free-standing senior primary care facility located in Prairieville, LA ("Property" or the "Asset"). With a NN lease in place, the Tenant (“CenterWell” or “Humana”) has over 9.5 years of lease term remaining with 3.0% annual rent increases, and two, 5-year renewal options. The Asset features frontage along U.S. Hwy 61, with over 51,460 vehicles passing the Property everyday.

The Property operates as a freestanding , seniors-focused primary care center occupied by CenterWell, a division of Humana, Inc. (NYSE: HUM). Humana, which ranked 38 on the Fortune 500 list in 2024, is the fourth largest health insurance provider in the United States ($115 billion in Sep-24 LTM revenues). The CenterWell segment focuses on healthcare services, including pharmacy solutions, primary care, and home health services. CenterWell currently operates over 300 primary care facilities across the nation.

The Asset is located in the Baton Rouge MSA and features excellent surrounding demographics with 34,000+ residents earning an average household income of more than $145,000 (3-mile radius).

This opportunity allows for investors to acquire 10 years of increasing cash flow from the fourth largest health insurance provider in the nation while being located in a highly affluent and growing trade area.