1798 Martin Luther King Jr Blvd - Fast Food FOR SALE


Houma, LA 70360
$2,685,000 USD
765-293-2933
1798 Martin Luther King Jr Blvd, Houma, LA for Sale
$2,685,000 USD
Fast Food - FOR SALE
1/8
null | 6.5% Cap Rate

1798 Martin Luther King Jr Blvd
Houma, LA 70360


HIGHLIGHTS

  • Rare dual drive-thru asset.
  • Prime retail corridor with Walmart, The Home Depot, Lowe’s, Target, Petco, Hobby Lobby, Academy Sports, and Five Below.
  • 11 Hotels along the Martin Luther King Blvd corridor.
  • Synergistic tenancy.
  • Strong access that includes left hand turns in and out from Martin Luther King Blvd.
  • 1 of 42 corporate-run New Orleans Original Daiquiris.

OVERVIEW

Bellagio Real Estate Partners, in conjunction with Bang Realty, Inc., is pleased to present a rare two-tenant asset with dual drive-thrus located at 1798 Martin Luther King Blvd in Houma, Louisiana. Occupied by Dairy Queen and New Orleans Original Daiquiris the property features long-term leases and strong built-in rental increases. Positioned along Houma’s primary retail corridor, the site is surrounded by major national retailers including Walmart, Target, Lowe’s, and The Home Depot. The asset benefits from excellent access, prominent visibility, a pylon sign, and ample shared parking. Dairy Queen is operated by a franchisee with 33 units across 5 states. New Orleans Original Daiquiris is a corporately operated unit by 190 Octane Marks LLC which operates both Fat Tuesdays and New Orleans Original Daiquiris which has 75 total locations, 42 of which are corporate. This offer presents a stabilized, passive investment with e-commerce and recession proof tenants.

FOR SALE DETAILS

PRICE

$2,685,000 USD

PRICE/SF

$678 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C2

APN/PARCEL ID

65435

ASK ABOUT THIS PROPERTY

Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.