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    1915 Bayou Blue Rd Houma, LA 70364

    Sponsored
    For Sale
    $550,000

    Louisiana Retail Investment Opportunity

    Property size:
    8,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a single-story, 8,125-square-foot Dollar General store located at 1915 Bayou Blue Rd, Houma, LA 70364. The property sits on a 0.826-acre lot and is situated across from Bayou Blue Public School, benefiting from high visibility and consistent traffic. Built in 2003, this Class B retail building features a metal clad exterior with a pitched metal standing seam roof. The interior has undergone recent upgrades, including the addition of grocery coolers, enhancing its appeal and profitability. This location consistently ranks among the top performers within its trade area, demonstrating strong sales and a stable tenant. The asking price is $550,000, representing a compelling 8.84% cap rate. The current lease with Dollar General, a company with a BBB S&P rating and billions in annual revenue, provides financial stability. The lease agreement includes two future options: the first, from August 1, 2028 to July 1, 2033, at a monthly rent of $4,538.00; and the second, from August 1, 2033 to July 31, 2038, at a monthly rent of $4,991.00. The current monthly base rent is $4,125.00. This property offers a rare chance to acquire a high-performing asset in a prime location within a thriving market. The property's strong performance and long-term lease make it an attractive investment for discerning buyers.

    Property Features for 1915 Bayou Blue Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,125 SF
    Class
    B
    Lot Size
    35,981 SF

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    1

    HighLights

    • $550,000 asking price for a single‑tenant Dollar General convenience store.
    • 8,125 square feet on a 0.826‑acre lot in Houma, Louisiana.
    • Class B retail building, built in 2003, with a $67.69 price per square foot.
    • 8.84% cap rate, generating $4,125 monthly base rent with future rent increases.
    • Top‑performing Dollar General location, recently upgraded with added grocery coolers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Pharmacy Auto Parts Store Department Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houma
    County
    Terrebonne Parish
    State
    Louisiana
    Longitude
    -90.6869792
    Latitude
    29.6440259

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    FAQs

    What type of property is this?
    Individual retail property - Louisiana Retail Investment Opportunity
    Where is this individual retail property located?
    The property is located at 1915 Bayou Blue Rd Houma, LA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price for a single-tenant Dollar General convenience store.; 8,125 square feet on a 0.826-acre lot in Houma, Louisiana.; Class B retail building, built in 2003, with a $67.69 price per square foot.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1915 Bayou Blue Rd Houma, LA 70364
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