- For Sale $4,620,000
- Property Type Retail - Strip
- Property Size 13,200 SF
- Date Updated Apr 15, 2024
Introducing "Hollywood South" - a prominently positioned retail strip center boasting approximately 13,200 square feet of leasable space. This attractive investment opportunity offers a competitive 6.5% Cap Rate with significant upside potential. Currently, the center is 81% occupied, leaving room for new owners to capitalize on the two vacancies and increase the revenue stream.
Key Features:
Prime Tenancy: Comprising of respected and stable tenants such as Audibel, Toups Insurance, Pelican State Credit Union, and the National Guard.
High Traffic Counts: Benefit from daily traffic counts of approximately 19,000 vehicles per day, ensuring high visibility and constant footfall for businesses.
Growth Opportunity: With two vacant units, there's a fantastic opportunity for value-add through lease-up or potential for owner use.
Desirable Location: Situated in a strategic locale, ensuring consistent patronage and appeal to a diverse range of retail and service-based businesses.
Seize this rare chance to own a piece of strategic real estate with strong current income and untapped potential. Hollywood South presents an enticing proposition for both seasoned investors and those looking to venture into the vibrant retail market.Sale Price: $4,620,000
Unit Price: $350 PSF
Cap Rate: 6.5%
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Reach out to the broker for more info on lease terms and amenities
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Contacts
Matt Eaton, CCIM
Southeast Commercial Real Estate
(504) 414-0703
Location
Getting Around
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Walk Score ®
Car-Dependent (44) -
Bike Score ®
Somewhat Bikeable (48)
Powered by Walk Score ®
- City Houma, LA
- Neighborhood Bayou Cane
- Zip Code 70360
Points of Interest
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Murphys
1.73 miles
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Burger King
0.57 miles
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Hooters
0.57 miles
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McDonald's
0.58 miles
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Outback Steakhouse
0.59 miles
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Chili's
0.59 miles
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IHOP
0.60 miles
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Raising Cane's
0.63 miles
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Twin Peaks
0.66 miles
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Texas Roadhouse
0.70 miles
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Golden Corral
0.70 miles
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Walmart Supercenter
0.43 miles
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Target
0.58 miles
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Walmart Neighborhood Market
1.54 miles
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Cannatas
1.62 miles
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Sears
2.15 miles
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Southland Mall
2.25 miles
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Dillard's
2.28 miles
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JCPenney
2.30 miles
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Walmart Supercenter
3.97 miles
Contact Listing Broker
Matt Eaton, CCIM
Southeast Commercial Real Estate
(504) 414-0703