Multi-Tenant Retail Outlot with
For Sale
Contact for pricing
1731 Martin Luther King Jr Blvd, Houma, LA 70360
A fully occupied, three-tenant outlot featuring an endcap drive-thru leased by Starbucks on a long-term net lease.
Property Size10,800 SF
Days on Market120
Property Features for 1731 Martin Luther King Jr Blvd
General Information
Standard status
Active
Size
10,800 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
64,500 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
Ben Snyder · License #OH# 2018002569
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 12:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This 10,800-square-foot multi-tenant outlot is 100% occupied and features three national specialty retailers on long-term net leases: Starbucks, Sleep Number, and West Marine. The property is anchored by Starbucks as an endcap drive-thru location, and Starbucks recently exercised its first five-year renewal option to extend the term through March 2025. Lease expiration dates for the remaining tenants are February 2025 for West Marine and May 2026 for Sleep Number.
The outlot is positioned off Martin Luther King Jr Blvd, which is cited at 64,500 VPD, providing access and visibility for daily retail traffic. It benefits from shadow anchoring in the dominant retail corridor by Target, Home Depot, Ross Dress for Less, Michaels, PetSmart, Dollar Tree, Chick-Fil-A, and Raising Canes. The offering is presented for sale free and clear of existing financing.
The outlot is positioned off Martin Luther King Jr Blvd, which is cited at 64,500 VPD, providing access and visibility for daily retail traffic. It benefits from shadow anchoring in the dominant retail corridor by Target, Home Depot, Ross Dress for Less, Michaels, PetSmart, Dollar Tree, Chick-Fil-A, and Raising Canes. The offering is presented for sale free and clear of existing financing.
Key Highlights
- 10,800 SF multi‑tenant Starbucks outlot in Houma, LA, 100% occupied by three national tenants.
- Starbucks end cap drive‑thru tenant on a long‑term net lease; exercised first 5‑year renewal option through March 2025.
- Additional long‑term net leases with Sleep Number (exp. 5/2026) and West Marine (exp. 2/2025).
Property Analytics
Current Use
Lease Details
64,500 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70360, LA
28,014
Population
12,283
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
90%
High-School Grad
60.1 sq mi
ZIP Area
466
Density / Sq Mi
$82,365
Median Household Income
$44,925
Median Earnings
$1,085
Median Rent
$297,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - A fully occupied, three-tenant outlot featuring an endcap drive-thru leased by Starbucks on a long-term net lease.
Where is this shopping center located?
The property is located at 1731 Martin Luther King Jr Blvd Houma, LA.
What are key features of this property?
This property features: 10,800 SF multi‑tenant Starbucks outlot in Houma, LA, 100% occupied by three national tenants.; Starbucks end cap drive‑thru tenant on a long‑term net lease; exercised first 5‑year renewal option through March 2025.; Additional long‑term net leases with Sleep Number (exp. 5/2026) and West Marine (exp. 2/2025).
