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131 Corporate Dr
Houma, LA 70360

United Healthcare Urgent Care & Pharmacy · Office Property For Sale

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
£3,507,607
Price Per SF
£347
Net Initial Yield
7.16%
NOI
£251,145
Tenancy
Single
Number of Floors
1
Typical Floor Size
10,119 SF
Building FAR
0.20
Lot Size
1.19 AC

PROPERTY TAXES

Parcel Number 10054 Improvements Assessment £127,549
Land Assessment £17,297 Total Assessment £144,846

PROPERTY TAXES

Parcel Number
10054
Land Assessment
£17,297
Improvements Assessment
£127,549
Total Assessment
£144,846
 

  • Listing ID: 33923894

  • Date on Market: 19/11/2024

  • Last Updated:

  • Address: 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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