4724 Highway 1, Raceland, LA 70394

Building Details

Tenancy Single More

Listing Agency: Colliers - Tulsa, Oklahoma

Listed By: Andrew Ragsdale · License OK #072000 Show Phone

Source: Crexi

Added: Oct 9 Changed: Nov 8 Last Checked: Nov 8 at 6:17PM

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Investment Insights

Based on property information with market context.

This NNN property is fully leased to Tractor Supply Company, which guarantees the lease. The agreement places minimal obligations on the landlord and provides for 5% rent increases every 5 years during the primary term and at the start of each of four option periods.

The property is at 4724 Highway 1 in Raceland, within the Houma-Bayou Cane-Thibodaux MSA and approximately 45 miles southwest of downtown New Orleans.

Key Highlights

• Fully leased with a guarantee from Tractor Supply Company
• Lease provides for 5% increases every 5 years during the primary term and at the start of each of four option periods
• Minimal landlord responsibilities under the lease

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Locksmith Bakery Grocery & Convenience Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

404

Businesses Nearby

20k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

McDonald's Dining

20,169 visits/mo 0.5 miles

Demographics for 70394, LA

13,932

Population

5,986

Households

2.3

Avg Household Size

40

Median Age

14%

College-Educated

79%

High-School Grad

83.7 sq mi

ZIP Area

166

Density / Sq Mi

$62,366

Median Household Income

$41,561

Median Earnings

$825

Median Rent

$183,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - The occupied property has a lease guaranteed by Tractor Supply Company and limited landlord responsibilities.

Where is this nnn property located?

The property is located at 4724 Highway 1 Raceland, LA.

What is the asking price?

The asking price for this property is $4,300,000.

What are key features of this property?

This property features: Fully leased with a guarantee from Tractor Supply Company; Lease provides for 5% increases every 5 years during the primary term and at the start of each of four option periods; Minimal landlord responsibilities under the lease