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2118 COTEAU RD
HOUMA, LA 70364
Asking Price
$419K
Cap Rate
9.21%
Asset Type
Storefront Retail
Class
Class B
What's Special
Vet Clinic | Gross Lease | Recently Renovated | Bite-Sized Price Point <p><strong><u>Best In Class Tenant</u></strong> - Corporate guarantee by Heartland Veterinary Partners. The company operates over 300 partner practices in more than 30 states across the U.S. </p><p><strong><u>Recently Renovated</u></strong> - The tenant recently completed roof renovations and interior repairs in 2021.</p><p><strong><u>Strong Population</u></strong> - Located just outside the New Orleans MSA. The MSA has a population of over 972,000, while Houma-Bayou Cane- Thibodaux population e
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NOI
$80,000
Cap Rate
19.10%
DSCR
3.22
Strong
Cash-on-Cash
43.87%
Monthly Payment
$2,072.429
Annual Cash Flow
$55,130.849
