Houma, LA - Circle the Wagons

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN lease leased, Circle the Wagons investment property located in Houma, Louisiana. The tenant, Circle the Wagons, LLC recently just extended their lease for additional 3 years, showing their commitment to the site. The lease is NN with landlord responsibilities limited to roof, structure, foundation and exterior walls making it an ideal, low-management investment opportunity for a passive investor. Circle the Wagons was founded in 2019 and is based in Houma, Louisiana. They provide services such as collective buying power, shrink management, training and development, and store-in-store concepts to reduce costs and improve operational efficiency for grocers.

The subject property is located along Capital Blvd and has direct access to U.S. Hwy 311 which averages 9,200 vehicles passing by daily. The site is ideally located
in a dense retail/industrial corridor, with numerous nearby national/credit tenants including Frito Lay, UPS, Lowe’s, Aldi, Target, Home Depot, Walmart Supercenter, Hobby Lobby, Petsmart, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the asset is in close proximity to Houma Highlands (378 units), Belmere Luxury Apartments (249 units), and Vandebilt Catholic High School (753 students), further increasing consumer traffic to the immediate trade area. The 5-mile trade area is supported by a population of over 58,000 and 40,000 employees, providing a direct consumer base from which to draw. Residents within a 5-mile radius of the subject property have an average household income of $84,668.