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Wal-Mart Shadow Center 1539-1633 Martin Luther King Jr Blvd 3,000 SF of Retail Space Available in Houma, LA 70360
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 117 | 3,000 SF | Negotiable | $33.50 CAD/SF/YR $2.79 CAD/SF/MO $100,506 CAD/YR $8,376 CAD/MO | Triple Net (NNN) |
1539 Martin Luther King Jr Blvd - 1st Floor - Ste 117
Former Rainbow Apparel
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT WAL-MART SHADOW CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Aaron's
- Furniture/Mattress
- 1,822
- International
- Affordable Dentures
- MD/DDS
- 1
- Local
- Nu-Look Fashions
- Retailer
- -
- -
- Planet Fitness
- Fitness
- 3,172
- International
- rue21
- Unisex Apparel
- 452
- National
- Walmart
- Dept Store
- 4,912
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Aaron's | Furniture/Mattress | 1,822 | International |
| Affordable Dentures | MD/DDS | 1 | Local |
| Nu-Look Fashions | Retailer | - | - |
| Planet Fitness | Fitness | 3,172 | International |
| rue21 | Unisex Apparel | 452 | National |
| Walmart | Dept Store | 4,912 | International |
PROPERTY FACTS
| Total Space Available | 3,000 SF | Frontage | Martin Luther King Blvd |
| Center Type | Power Center | Gross Leasable Area | 411,394 SF |
| Parking | 1856 Spaces | Total Land Area | 54.31 AC |
| Stores | 20 | Year Built | 1997 |
| Center Properties | 8 | Cross Streets | Enterprise Dr |
| Total Space Available | 3,000 SF |
| Center Type | Power Center |
| Parking | 1856 Spaces |
| Stores | 20 |
| Center Properties | 8 |
| Frontage | Martin Luther King Blvd |
| Gross Leasable Area | 411,394 SF |
| Total Land Area | 54.31 AC |
| Year Built | 1997 |
| Cross Streets | Enterprise Dr |
ABOUT THE PROPERTY
The Houma Shopping Center is a core component of the city’s retail hub and is located at the center of the retail trade area. Houma is the largest city and seat city in Terrebonne Parish, which is also the largest principal city of the Houma-Bayou Cane-Thibodaux Metropolitan Statistical Area. The center is anchored by Walmart Supercenter, HomeGoods, Planet Fitness, Petco, and Marshalls to name a few. Surrounding the site at this intersection are major national retailers alike, including Lowe's, The Home Depot, Party City, PetSmart, Northern Tool + Equipment, Best Buy, and Target. Neighboring full-service and fast causal restaurants such as Outback Steakhouse, Chili's, MOOYAH Burgers, Chick-fil-A, and Raising Cane's surround this center and certainly act as a traffic drivers.
NEARBY MAJOR RETAILERS
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Wal-Mart Shadow Center | 1539-1633 Martin Luther King Jr Blvd
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