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Circle the Wagons 128 Capitol Blvd 12,500 SF Industrial Building Houma, LA 70360 $1,527,000 ($122.16/SF) 8.25% Cap Rate
Investment Highlights
- Brand New 3-Year Extension | Growing Brand | Hydrinity Guaranty
- Dense Industrial/Retail Corridor | Access to U.S. Hwy 411 | Strong National/Credit Tenant Presence | Nearby Apartments & High School
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Direct Consumer Base
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN lease leased, Circle the Wagons investment property located in Houma, Louisiana. The tenant, Circle the Wagons, LLC recently just extended their lease for additional 3 years, showing their commitment to the site. The lease is NN with landlord responsibilities limited to roof, structure, foundation and exterior walls making it an ideal, low-management investment opportunity for a passive investor. Circle the Wagons was founded in 2019 and is based in Houma, Louisiana. They provide services such as collective buying power, shrink management, training and development, and store-in-store concepts to reduce costs and improve operational efficiency for grocers.
Property Facts
| Price | $1,527,000 | Lot Size | 0.77 AC |
| Price Per SF | $122.16 | Rentable Building Area | 12,500 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.25% | Year Built | 2006 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.64/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Price | $1,527,000 |
| Price Per SF | $122.16 |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.77 AC |
| Rentable Building Area | 12,500 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Tenancy | Single |
| Parking Ratio | 0.64/1,000 SF |
| No. Drive In / Grade-Level Doors | 3 |
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Circle the Wagon LLC
- Retailer
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Circle the Wagon LLC | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
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Property Taxes
| Parcel Number | 51787 | Improvements Assessment | $72,650 |
| Land Assessment | $6,000 | Total Assessment | $78,650 |
Property Taxes
Parcel Number
51787
Land Assessment
$6,000
Improvements Assessment
$72,650
Total Assessment
$78,650
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Circle the Wagons | 128 Capitol Blvd
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