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- LoopNet Team
1714 Martin Luther King Blvd
Houma, LA 70360
7% CAP NNN Leased Retail Investment - 100% Oc · Retail Property For Sale

Attachments
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Property Facts
About 1714 MARTIN LUTHER KING BLVD , HOUMA, LA 70360
The Property is located on a major retail thoroughfare in Houma. Nearby retail tenants include: Lowe⬙s Starbucks Chik-Fil-A Academy Sports Olive Garden The Home Depot Target Outback Steakhouse Chili⬙s Bar & Grill Hooters IHOP Kohl⬙s Golden Corral Walk On⬙s Little Caesars Buffalo Wild Wings Verizon Charming Charlie Michaels PetSmart Office Depot Marshalls Petco and Hobby Lobby amongst others. The development consists of a single building benefitting from 45 parking spaces (3.75/1000).This asset is extremely stable with long-term NNN Leases each with renewal options from two national tenants in a desirable building on a major retail thoroughfare with great visibility. Mattress Firm is on a 10 year lease with contract bumps and options while Cash America is on a 5 year lease with contract options. This asset is perfect for an investor seeking limited Landlord responsibilities and peace of mind that rents are below market with room for upside.7% CAP RatePlease send executed Confidentiality Agreement for full Offering Memorandum
Property Taxes
| Parcel Number | 16311 | Improvements Assessment | $98,300 |
| Land Assessment | $42,370 | Total Assessment | $140,670 |
Property Taxes
Listing ID: 7476087
Date on Market: 6/2/2017
Last Updated:
Address: 1714 Martin Luther King Blvd, Houma, LA 70360
The Retail Property at 1714 Martin Luther King Blvd, Houma, LA 70360 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
