Ashley HomeStore
3625 Hwy 14, Lake Charles, LA 70607
For Sale
Contact for pricing
The property is subject to an absolute NNN lease with four five-year renewal options.
Property Size72,482 SF
Lot Size10.54 Acres
Price / SF$117.43
Days on Market31
Property Features for 3625 Hwy 14
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
Listed By:
Chris Hollenbeck · License LA SA584876000
(602) 538-7155
Source:
Crexi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 12 at 7:44AM
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 Cushman & Wakefield - Phoenix, Arizona
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Lake Charles showroom contains approximately 72,482 square feet on approximately 10.54 acres. Ashley HomeStore has occupied the property since rent commenced on January 9, 2019. The absolute NNN lease runs through January 31, 2031, and provides four five-year renewal options. Annual rent adjustments begin February 1, 2027, at the lesser of 1.375% or 1.25 times CPI.
At 3625 Highway 14, the property is near Interstate 10, which carries approximately 76,149 vehicles per day. Retailers in the surrounding corridor include Target, Walmart Supercenter, Sam’s Club, Lowe’s, and Academy Sports + Outdoors. More than 98,700 residents live within five miles of the site.
At 3625 Highway 14, the property is near Interstate 10, which carries approximately 76,149 vehicles per day. Retailers in the surrounding corridor include Target, Walmart Supercenter, Sam’s Club, Lowe’s, and Academy Sports + Outdoors. More than 98,700 residents live within five miles of the site.
Key Highlights
- Approximately 72,482‑square‑foot showroom on approximately 10.54 acres
- Absolute NNN lease expires January 31, 2031
- Four five‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$639,596
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,791,920
$12.8M
Cap Rate 7%
$9,137,086
$9.1M
Cap Rate 9%
$7,106,622
$7.1M
Market Conditions
NOI Build-Up for 72,482 SF
Gross rent
$956.8K $13.20/SF
− Vacancy
−$43.1K −$0.59/SF
EGI
$913.7K $12.61/SF
− OpEx
−$274.1K −$3.78/SF
NOI
$639.6K $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 Rate 5%
$12,791,920
Cap Rate 7%
$9,137,086
Cap Rate 9%
$7,106,622
Alternative Uses
Best Use
Retail
$9.14M
$7.99M – $10.66M
NOI $639,596 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.62M
$13.67M – $18.23M
NOI $1,093,645 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
407k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Superstores 22%
Shops & Services 21%
Home Improvements & Furnishings 15%
Walmart
Superstores
91,285 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
43,217 visits/mo
0.3 miles
Cinemark Movie Bistro Lake Charles
Leisure
39,000 visits/mo
0.4 miles
Murphy USA
Shops & Services
21,428 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,974 visits/mo
0.3 miles
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
Similar Off Market Nearby
- Value Cabinetry & Renovations — 2625 Dillard Lp Suite B, Lake Charles, LA 70607
- Lowe's Home Improvement — 2800 Derek Dr, Lake Charles, LA 70607
Frequently Asked Questions
What type of property is this?
Showroom - The property is subject to an absolute NNN lease with four five-year renewal options.
Where is this showroom located?
The property is located at 3625 Hwy 14 Lake Charles, LA.
What is the asking price?
The asking price for this property is $8,511,372.
What are key features of this property?
This property features: Approximately 72,482‑square‑foot showroom on approximately 10.54 acres; Absolute NNN lease expires January 31, 2031; Four five‑year renewal options
