1539 Martin Luther King Blvd Houma, LA 70360
This exceptional retail property, the Houma Shopping Center, presents a prime investment opportunity in Terrebonne Parish's thriving retail hub. Located in Houma, the largest city in the parish and the principal city of the Houma-Bayou Cane-Thibodaux Metropolitan Statistical Area, this single-story, 286,905 square foot community center boasts a strong tenant mix. The center is anchored by major national retailers including Walmart Supercenter, HomeGoods, Planet Fitness, Petco, and Marshalls, ensuring high foot traffic and visibility. Currently, there are two spaces available, ranging from 3,000 to 8,000 contiguous square feet, totaling 11,000 square feet of vacant space. The property sits on a substantial 29.79 acres of land, providing ample parking and potential for future expansion. Its strategic location is further enhanced by the proximity of other major national retailers such as Lowe's, The Home Depot, Target, and Best Buy, as well as popular restaurants including Outback Steakhouse, Chili's, and Chick-fil-A, creating a synergistic retail environment. This well-established center offers a unique opportunity to capitalize on a strong retail market within a densely populated area. The property's size and location make it ideal for a variety of retail uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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