Ashley HomeStore
1620 Martin Luther King Jr Blvd, Houma, LA 70360
For Sale
Contact for pricing
The freestanding showroom operates under an absolute NNN lease with scheduled rent increases and four renewal options.
Property Size71,949 SF
Lot Size7.28 Acres
Price / SF$99.45
Days on Market28
Property Features for 1620 Martin Luther King Jr Blvd
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Traffic Count
Tenant in Place
Building Details
Tenancy
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
Listed By:
Chris Hollenbeck · License LA SA584876000
(602) 538-7155
Source:
Crexi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 5:54PM
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 Cushman & Wakefield - Phoenix, Arizona
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Investment Insights
Based on property information with market context.
The 71,949-square-foot Ashley HomeStore showroom occupies 7.28 acres at 1620 Martin Luther King Jr. Boulevard in Houma. The property is leased to The Dufresne Spencer Group, LLC, doing business as Ashley HomeStore, with a guaranty from Dufresne Spencer Group Holdings, LLC. The absolute NNN lease began January 9, 2019, and runs through January 31, 2031, with four five-year renewal options. Annual rent adjustments start February 1, 2027, and are based on the lesser of 1.375% or 1.25 times CPI.
Martin Luther King Jr. Boulevard carries approximately 26,115 vehicles per day. Nearby retail anchors include Walmart Supercenter, Target, Lowe’s, and Sam’s Club. The stated trade area includes approximately 367,125 residents within five miles, with average household income exceeding $105,000.
Martin Luther King Jr. Boulevard carries approximately 26,115 vehicles per day. Nearby retail anchors include Walmart Supercenter, Target, Lowe’s, and Sam’s Club. The stated trade area includes approximately 367,125 residents within five miles, with average household income exceeding $105,000.
Key Highlights
- 71,949‑square‑foot showroom on 7.28 acres
- Absolute NNN lease to The Dufresne Spencer Group, LLC, DBA Ashley HomeStore
- Lease runs through January 31, 2031, with four five‑year renewal options
Property Analytics
Who owns this building?
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Current Use
Lease Details
26,115 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Value Cabinetry & Renovations at Houma — 292 S Hollywood Rd # B, Houma, LA 70360
- Fernis LeBlanc Tile Inc — 238 S Hollywood Rd, Houma, LA 70360
- Lowe's Home Improvement — 1592 Martin Luther King Blvd, Houma, LA 70360
Frequently Asked Questions
What type of property is this?
Showroom - The freestanding showroom operates under an absolute NNN lease with scheduled rent increases and four renewal options.
Where is this showroom located?
The property is located at 1620 Martin Luther King Jr Blvd Houma, LA.
What is the asking price?
The asking price for this property is $7,155,364.
What are key features of this property?
This property features: 71,949‑square‑foot showroom on 7.28 acres; Absolute NNN lease to The Dufresne Spencer Group, LLC, DBA Ashley HomeStore; Lease runs through January 31, 2031, with four five‑year renewal options
