1915 Bayou Blue Rd Houma, LA 70364

Property Details for 1915 Bayou Blue Rd

Lot size

0.83 lot acres

Property type

Retail space

APN

53772

APU

53772

Description

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.

Location Insight

City

Houma

County

Terrebonne

State

Louisiana

Longitude

-90.6868

Latitude

29.6441

CBSA code

26380

CBSA name

HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments