1915 Bayou Blue Rd Houma, LA 70364
Louisiana Retail Investment Opportunity
Property size:
8,125 SFProperty Features for 1915 Bayou Blue Rd
General Information
- Property type
- Grocery and convenience stores
- Square Feet
- 8,125 SF
- Class
- B
- Lot Size
- 35,981 SF
Building Details
- Year Built
- 2003
- Buildings
- 1
- Stories
- 1
Listing Agency: Antonoff & Co Listing Agent: Jeffrey Hirschfeld
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
Location Insight
- Map
- Local Demand
- City
- Houma
- County
- Terrebonne Parish
- State
- Louisiana
- Longitude
- -90.6869792
- Latitude
- 29.6440259
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Louisiana Retail Investment Opportunity
Where is this grocery and convenience store 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.
