Convenience Store with Authorized
For Sale
$70,000
11260 Highway 384, Lake Charles, LA 70607
Former convenience store now includes an authorized Hunt Brothers Pizza location for retail and service use.
Property Size560 SF
Price / SF$125
Days on Market405
Property Features for 11260 Highway 384
General Information
Standard status
Active
Size
560 SF
Property subtype
Retail
Amenities
3
0.75, 0.75
Listing Agency:
Compass-LC
(337) 436-6639
Listed By:
Felicia Navarre · License #995705966
(337) 419-5713
Source:
Xome
Added: Jul 28, 2025
Changed: Sep 2
Last Checked: Sep 5 at 3:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass-LC
Investment Insights
Based on property information with market context.
This retail storefront site was previously operated as a convenience store, bait shop, and small grocery. It also includes an authorized Hunt Brothers Pizza location, supporting food-oriented sales alongside traditional retail and service uses.
The property is located at 11260 Highway 384 in Lake Charles, LA. According to the seller, vehicles stop in front of the location when the Grand Lake Swing bridge raises, creating frequent visibility and foot traffic. The seller also notes proximity to local fishing areas and an upcoming LNG industrial plant.
For buyers looking for a ready retail format with an existing authorized food component, this property offers a clear foundation for continued neighborhood-serving business operations.
The property is located at 11260 Highway 384 in Lake Charles, LA. According to the seller, vehicles stop in front of the location when the Grand Lake Swing bridge raises, creating frequent visibility and foot traffic. The seller also notes proximity to local fishing areas and an upcoming LNG industrial plant.
For buyers looking for a ready retail format with an existing authorized food component, this property offers a clear foundation for continued neighborhood-serving business operations.
Key Highlights
- Former convenience store now includes an authorized Hunt Brothers Pizza location
- Previously operated as a convenience store, bait shop, and small grocery
- Guest facilities: 3
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$4,942
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$98,840
$98.8K
Cap Rate 7%
$70,600
$70.6K
Cap Rate 9%
$54,911
$54.9K
Market Conditions
NOI Build-Up for 560 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$7.4K $13.20/SF
− Vacancy
−$333 −$0.59/SF
EGI
$7.1K $12.61/SF
− OpEx
−$2.1K −$3.78/SF
NOI
$4.9K $8.82/SF
Area
Calcasieu County, LA
Vacancy
4.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$98,840
Cap Rate 7%
$70,600
Cap Rate 9%
$54,911
Alternative Uses
Best Use
Retail
$70.6K
$61.8K – $82.4K
NOI $4,942 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$120.7K
$105.6K – $140.8K
NOI $8,450 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70607, LA
30,339
Population
13,692
Households
2.2
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
263
Density / Sq Mi
$58,427
Median Household Income
$35,815
Median Earnings
$1,053
Median Rent
$171,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Former convenience store now includes an authorized Hunt Brothers Pizza location for retail and service use.
Where is this storefront property located?
The property is located at 11260 Highway 384 Lake Charles, LA.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: Former convenience store now includes an authorized Hunt Brothers Pizza location; Previously operated as a convenience store, bait shop, and small grocery; Guest facilities: 3
