443 Corporate Dr., HOUMA, LA 70360
Commercial property for sale
Contact info
- 225-753-3573 [Office]
Description
Absolute net leased investment property in Houma, LA for sale at a 10% CAP. Property is a stand alone build to suit for The Workout Company, a health club with locations in Houma and Raceland. It is located just off of Martin Luther King Blvd., which is home to Wal Mart, Target, Best Buy, Lowe's, Home Depot, Office Depot, and many more large national retailers. Property is also located directly infront of a brand new 248 unit apartment complex. Ten year base term commenced October 1, 2011. Current annual base rent is $132,000. Annual rent to increase to $138,600 in Year 6. Tenant is responsible for all taxes, insurance, maintenance, and repairs, including the roof, HVAC, structure, foundation, etc. PLEASE DO NOT DISTURB TENANT!!! Building price details: $1,350,000.
Property Details
- Type: Retail
- Use Types:Free-Standing Building
- Status: Available
- MSA: Houma-Bayou Cane-Thibodaux
- Buildings: 1
- Tenancy: Single Tenant
Terms
- Cash to Seller