443 Corporate Dr, Houma, LA 70360

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Building Details:

Absolute net leased investment property in Houma, LA for sale at an 11% CAP. Property is a stand alone build to suit for The Workout Company, a health club with locations in Houma and Raceland. It is located just off of Martin Luther King Blvd., which is home to Wal Mart, Target, Best Buy, Lowe's, Home Depot, Office Depot, and many more large national retailers. Property is also located directly infront of a brand new 248 unit apartment complex that is currently under construction.

Current annual base rent is $144,000. $6,000 increase in annual base rent each year over the term of the lease. Just started Year 5 of a 15 year initial lease term.

Tenant is responsible for all taxes, insurance, maintenance, and repairs, including the roof, HVAC, structure, foundation, etc.

PLEASE DO NOT DISTURB TENANT!!!