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131 Corporate Dr
Houma, LA 70360

United Healthcare Urgent Care & Pharmacy · Office Property For Sale

Medical Offices Louisiana Houma 131 Corporate Dr, Houma, LA 70360

Investment Highlights

  • Primary Care Plus is operated by United Healthcare Services, Inc., a subsidiary of UnitedHealth Group (NYSE: UNH), the nation's largest insurer
  • Urgent Care Pharmacy will execute a new 10-year Absolute NNN lease upon closing, which will feature 2% annual rent increases and (4) 5-yr options
  • The site benefits from exposure to consumers at nearby national retailers including Walmart, Lowes, Home Depot, Target, HobbyLobby, Marshall’s & Petco
  • Primary Care Plus is currently operated under a 7-year lease, with 5+ years remaining, limited landlord responsibilities, and (5) 3-yr options
  • The Property is located in Houma’s densest concentration of retail, totaling 1.8 million SF and boasting a 99.3% occupancy rate.
  • The Urgent Care Market is estimated to reach around $46.7 billion in revenue this year, growing at a CAGR of 3.1% over the past five years.

Executive Summary

United Healthcare Credit | Urgent Care & Pharmacy | 6.1 Years WALT

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,119 SF
Building Class
C
Year Built
2004
Price
$4,426,951
Price Per SF
$437
Cap Rate
7.16%
NOI
$316,970
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,119 SF
Building FAR
0.20
Lot Size
1.19 AC

PROPERTY TAXES

Parcel Number 10054 Improvements Assessment $160,980
Land Assessment $21,830 Total Assessment $182,810

PROPERTY TAXES

Parcel Number
10054
Land Assessment
$21,830
Improvements Assessment
$160,980
Total Assessment
$182,810
 

  • Listing ID: 33923894

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 131 Corporate Dr, Houma, LA 70360

More public record information on 131 Corporate Dr, Houma, LA 70360

The Office Property at 131 Corporate Dr, Houma, LA 70360 is currently available for sale. Contact CBRE for more information.

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