4155 Bayou Black Dr Houma, LA 70360

Property Details for 4155 Bayou Black Dr

Lot size

1.21 lot acres

Property type

Retail space

APN

65295

APU

65295

Description

This exceptional 9,100 square foot shopping center, located at 4155 Bayou Black Drive in Houma, Louisiana, presents a compelling investment opportunity. Built in 2014, the property boasts a strong lease in place, an absolute NNN lease structure, providing a passive income stream. The lease commenced on February 26, 2014, and extends until February 27, 2029, offering long-term stability. The property's Net Operating Income (NOI) is $103,548, yielding an attractive 7.25% capitalization rate, based on the asking price of $1,218,211. The center is strategically positioned on Bayou Black Drive, a major thoroughfare in the area, benefiting from high visibility and accessibility. The location enjoys minimal retail competition and proximity to key community amenities and employers. Strong demographics further enhance the property's value, with average household incomes exceeding $99,719 within a three-mile radius and $98,166 within a five-mile radius. Furthermore, its convenient location, less than seven miles from downtown Houma, ensures a robust customer base. The property is zoned for commercial use, providing flexibility for future development or expansion. This is a rare opportunity to acquire a well-performing retail asset in a thriving Louisiana market. The property's strong financials, prime location, and long-term lease make it an ideal addition to any investment portfolio.

Location Insight

City

Houma

County

Terrebonne

State

Louisiana

Longitude

-90.8287

Latitude

29.5961

CBSA code

26380

CBSA name

HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments