Single-Tenant Auto
For Sale
Contact for pricing
1895 Martin Luther King Jr Blvd, Houma, LA 70360
Corporate ground lease offers approximately 8.5 years of remaining term with zero landlord responsibilities.
Property SizeContact for details
Days on Market145
Property Features for 1895 Martin Luther King Jr Blvd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 8:26PM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This single-tenant auto service property in Houma, Louisiana, includes a 1,710-square-foot building completed in 2017. The asset is occupied under a corporate ground lease with approximately 8.5 years remaining, zero landlord responsibilities, and 10% rental escalations every five years and during each five-year renewal option. The lease is guaranteed by Driven Systems LLC.
The property is located at 1895 Martin Luther King Jr Blvd, along a primary north-south route and retail corridor carrying 27,115 VPD. Highway 24 provides additional access. Surrounding retail includes Sam’s Club, Walmart, Home Depot, Target, Kohl’s, and Southland Mall, which contains 75 stores and is anchored by Dillard’s and JCPenney.
The property is located at 1895 Martin Luther King Jr Blvd, along a primary north-south route and retail corridor carrying 27,115 VPD. Highway 24 provides additional access. Surrounding retail includes Sam’s Club, Walmart, Home Depot, Target, Kohl’s, and Southland Mall, which contains 75 stores and is anchored by Dillard’s and JCPenney.
Key Highlights
- 1,710‑square‑foot auto service building constructed in 2017
- Corporate ground lease with approximately 8.5 years remaining
- Zero landlord responsibilities under the lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Well-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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Similar Off Market Nearby
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- Industrial Tire Services — 6450 w park ave, houma, la 70364
- Whites Auto Care & Services — 6305 W Main St, Houma, LA 70360
Frequently Asked Questions
What type of property is this?
Auto shop - Corporate ground lease offers approximately 8.5 years of remaining term with zero landlord responsibilities.
Where is this auto shop located?
The property is located at 1895 Martin Luther King Jr Blvd Houma, LA.
What are key features of this property?
This property features: 1,710‑square‑foot auto service building constructed in 2017; Corporate ground lease with approximately 8.5 years remaining; Zero landlord responsibilities under the lease
