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421 W Tunnel Blvd 11,624 SF 60% Leased Retail Building Houma, LA 70360 $650,000 ($55.92/SF)
Investment Highlights
- Great daily traffic
- Pull up to the door parking
- Spacious layout
Executive Summary
Excellent Retail Property located on one of the main thoroughfares in Houma. Can be broken down into 3 separate spaces for additional rent and/or serves as an excellent value add for an Owner User with a long term lease in place with a National Tenant.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
11,624 SF
Building Class
B
Year Built
2001
Price
$650,000
Price Per SF
$55.92
Percent Leased
60%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.55 AC
Parking
18 Spaces (1.86 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Banking
- Corner Lot
- Restaurant
- Security System
- Signage
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Cafe
- Awning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Rental and Leasing Services
- -
- -
- -
Rent-A-Center began in 1973 as a rent-to-own business focused on furniture and household goods, later building a broader retail model around flexible payment agreements. The company offers furniture, appliances, electronics, computers, tools, and related home essentials through online and store-based shopping, with services that include delivery, setup, and product service and repair in its payment agreements. Rent-A-Center maintains a wide presence across the United States and Mexico and remains centered on branded household goods for shoppers seeking alternatives to traditional credit-based buying.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Rental and Leasing Services | - | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2025 Population
9,276
44,359
64,445
89,195
2030 Population
8,971
42,308
61,501
85,261
2025-2030 Projected Population Growth
-3.3%
-4.6%
-4.6%
-4.4%
Median Age
43.1
38.9
38.6
38.6
College Degree + Higher
20%
19%
18%
11%
Daytime Employees
10,370
34,243
44,130
53,971
Total Businesses
1,198
3,602
4,498
5,730
Average Household Income
$74,838
$78,119
$79,580
$81,286
Median Household Income
$53,483
$64,323
$66,162
$66,589
Total Consumer Spending
$93.3M
$462.4M
$677.8M
$935M
2025 Households
4,016
17,433
24,715
33,313
Average Home Value
$271,296
$249,880
$249,702
$241,042
Nearby Major Retailers
Property Taxes
| Parcel Number | 19527 | Improvements Assessment | $25,240 |
| Land Assessment | $11,200 | Total Assessment | $36,440 |
Property Taxes
Parcel Number
19527
Land Assessment
$11,200
Improvements Assessment
$25,240
Total Assessment
$36,440
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