1731 Martin Luther King Jr Blvd Houma, LA 70360

Listing agency Matthews

Listed by Ben Snyder · License #OH# 2018002569

Source Crexi

Added: Apr 12 Updated: Jul 23 at 12:00AM Checked: Jul 23 at 12:00AM

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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.

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

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FAQs

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).