131 Corporate DrHouma, LA 70360

Property Details for 131 Corporate Dr

Property type

Medical offices

Property subtype

Medical centers

APN

10054

APU

10054

Description

This exceptional investment opportunity presents a 10,119 square foot, dual-tenant medical office complex situated on a 1.19-acre lot in Houma, Louisiana. The property comprises two buildings constructed in 2004 and 2012, currently boasting 100% occupancy. The primary tenant, a subsidiary of UnitedHealth Group, operates under a corporate lease with over 6 years remaining and renewal options. A second tenant, a local urgent care pharmacy, will execute a new 10-year absolute NNN lease upon closing, featuring annual rent increases and renewal options. This investment offers a compelling 7.16% cap rate and benefits from a prime location near a major retail corridor with high traffic volume and strong consumer presence. The property's location provides excellent visibility and accessibility, further enhanced by its proximity to national retailers. The urgent care industry's consistent growth and the strength of the tenant's financial standing make this a highly attractive, recession-resistant investment. The weighted average lease term (WALT) is 6.1 years, providing long-term stability and predictable income streams. This is a rare opportunity to acquire a well-positioned, high-performing medical office property with significant upside potential.

Location Insight

City

Houma

County

Terrebonne

State

Louisiana

Latitude

29.5987

Longitude

-90.747

CBSA code

26380

CBSA name

HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].