2693 Grand Caillou RdHouma, LA 70363

Property Details for 2693 Grand Caillou Rd

Property type

Retail properties

Property subtype

Retail space

APN

65431

APU

65431

Description

This exceptional investment opportunity presents a fee-simple, Class A, 9,100 square-foot Dollar General store located at 2693 Grand Caillou Rd, Houma, LA 70363. The property sits on a 1.67-acre lot zoned C2 and boasts a 100% occupancy rate with an absolute NNN lease in place. The current Net Operating Income (NOI) is $99,500, yielding an attractive 8.75% capitalization rate. This single-tenant property benefits from a strong tenant in Dollar General (#15221), a well-established national retailer serving a thriving community. The location is strategically positioned to serve the local population and nearby fishing communities of Dulac and Cocodrie. Nearby businesses include a Walmart Supercenter, Rouses Grocery, Domino's, Island Hardware, and Chase Bank, indicating a robust commercial environment. Major employers in the area, such as the Terrebonne Parish School District, Ochsner Health System, and various oil and gas companies (Schlumberger, Oil States Industries, British Petroleum, Edison Chouest Offshore, and Gulf Island Fabrication), contribute to a stable and growing local economy. The asking price is $1,137,000, translating to $124.95 per square foot. This property offers a compelling combination of strong tenant performance, a desirable location, and a high-yield return, making it an ideal addition to any institutional investment portfolio. The pro-forma NOI and cap rate mirror the current figures, indicating a stable and predictable income stream.

Location Insight

City

Houma

County

Terrebonne

State

Louisiana

Latitude

29.5354

Longitude

-90.6763

CBSA code

26380

CBSA name

HOUMA-BAYOU CANE-THIBODAUX, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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