National Tenant + Vacancy Upside 421 W Tunnel Blvd Local commercial 1 080 m² À vendre Houma, LA 70360 559 689 € (518,28 €/m²) Taux de capitalisation 9,24 %

421 W Tunnel Boulevard presents a versatile, value-add retail asset with a highly visible location on the primary commercial artery of Houma, Louisiana. Spanning 11,624 square feet, the property is currently 52% occupied by national tenant Rent-A-Center, delivering existing rental income and robust cross-traffic. This rare opportunity offers exceptional potential for owner/users seeking to occupy a portion of the property while offsetting costs with the in-place revenue. Additionally, 421 W Tunnel Boulevard can be subdivided into three separate spaces, allowing investors to capture improved cash flow.

421 W Tunnel Boulevard, originally built in 2001, offers a wealth of well-maintained and desirable features that enhance tenant appeal. The property is equipped with a security system for 24-hour access, ample on-site parking, and prominent monument signage. Combining a spacious layout and great daily traffic, this rare opportunity presents the perfect choice for all manner of retail, professional office, and service-based businesses.

The property enjoys a high-impact, corner location on Tunnel Boulevard, Houma’s main retail trade area. More than 30,000 vehicles pass by each day, enhancing branding potential for tenants. 421 W Tunnel Boulevard sits within minutes of industry-leading retail brands, including Walmart Supercenter, Target, Lowe’s, Planet Fitness, Starbucks, Chick-fil-A, Chili’s, and more. These popular tenants ensure dependable daily customer traffic to the area, creating a lucrative climate for retail businesses.

As part of the Houma-Thibodaux Retail Submarket, 421 W Tunnel Boulevard provides an exceptional inroad for investors seeking to enter or expand in this competitive region. Retail vacancies in the area currently sit at just 3.4%, with no new inventory currently under construction. The area’s high demand has driven rent growth of more than 1.7% during the past 12 months, building on average annual gains of 4% during the past five years. The area’s thriving retail sector is fueled by impressive customer demographics within 10 miles of the property. More than 64,000 residents live in the area, with an average household income of more than $79,000 and annual consumer spending of over $677 million.

Don’t miss out on this rare chance to secure an income-producing retail asset at well-below replacement cost, with an established national tenant and a key location on Houma’s busiest retail corridor at 421 W Tunnel Boulevard. Reach out to the KW Commercial team today to schedule a tour and receive additional information.