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1144 Grand Caillou Rd, Houma, LA, 70363

Advance Auto Parts

$1,034,400

Key Information

Cap Rate
8%
Tot. SF
6,124
Lot Size
0.53 Acres
Year Built
2008
Term Remaining
± 9.50 Years
Type
Retail
NOI
$82,752

Highlights

• Advance Auto Parts just extended the lease early proving this location to be a strong location.
• 2008 build-to-suit construction.
• ±9.50 Years remaining on an initial 15-Year lease.
• Corporately guaranteed lease.
• Tenant is responsible for HVAC, CAM, Taxes, and Insurance.
• 7% increases every 5 years on renewal periods.
• Excellent retail corridor with surrounding national tenants including Walmart Supercenter, Sonic, Chick-fil-A, Ollie’s Bargain Outlet, Starbucks, Walgreens and more.
• 3-Mile population of 29,411 residents.
• 5-Mile population of 60,365 residents.
• Average household income of $75,015 annually.
• Traffic counts on exceed 22,500 vehicles daily on Grand Caillou Rd.

Photos

Location

Agents

Broker of Record

Donnie Jarreau

License # BROK.32688-ACT, BROK.995704351-CORP (LA)
Jarreau Real Estate
16161 Perkins Road, Baton Rouge, LA 70810