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1159 Grand Caillou, Houma, LA, 70363

Rally’s

$850,000

Key Information

Cap Rate
7.82%
$ per SF
$566
Tot. SF
1,500
Lot Size
0.48 Acres
Year Built
2023
Term Remaining
± 15 Years
Type
Retail
NOI
$66,492

Highlights

• New 15-Year Absolute NNN Lease commencing at the close of escrow
• Experienced Multi-Unit Operator – Lease guaranteed by RCR Foods LLC
• Recently Renovated – Tenant completed a full building remodel in 2023
• High-Visibility Corner Location with 22,800 vehicles per day (AlphaMaps)
• Built-In Rental Growth – 5% rent increases every five years
• Long-Term Upside – Two additional five-year renewal options
• Strong Unit Performance – Sales consistent with Rally’s system-wide average
• Solid Demographics – More than 56,900 residents within a five-mile radius

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