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