Leased Storefront Retail
For Sale
$650,000
41012 Hwy 42, Prairieville, LA 70769
Occupied retail building with on-site parking and an established tenant in place.
Property Size2,800 SF
Days on Market135
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Property Features for 41012 Hwy 42
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
14,050 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
Ample on-site parking
Building Details
Building Size
2,800 SF
Buildings
1
Listed By:
Lindsay Redhead, MBA
(225) 938-3148
Source:
Elifinrealty
Added: Jun 3
Changed: Oct 13
Last Checked: Oct 14 at 8:17PM
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 Lindsay Redhead, MBA
Investment Insights
Based on property information with market context.
This leased storefront retail property contains approximately 2,800 SF and is positioned at a signalized intersection formed by Hwy 42 and Billy Blvd. The building is configured for retail use and includes on-site parking.
The property is located at 41012 Hwy 42 in Prairieville, Louisiana, where the intersection records approximately 14,050 daily traffic. Walmart and Dollar General are among the national and local retailers surrounding the site. A long-term tenant is currently in place, providing an existing occupancy profile for the property.
The property is located at 41012 Hwy 42 in Prairieville, Louisiana, where the intersection records approximately 14,050 daily traffic. Walmart and Dollar General are among the national and local retailers surrounding the site. A long-term tenant is currently in place, providing an existing occupancy profile for the property.
Key Highlights
- ±2,800 SF leased retail property
- Signalized intersection at Hwy 42 and Billy Blvd
- ±14,050 daily traffic at the intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,460
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,200
$529.2K
Cap Rate 7%
$378,000
$378.0K
Cap Rate 9%
$294,000
$294.0K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$42.0K $15.00/SF
− Vacancy
−$4.2K −$1.50/SF
EGI
$37.8K $13.50/SF
− OpEx
−$11.3K −$4.05/SF
NOI
$26.5K $9.45/SF
Area
Ascension County, LA
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,200
Cap Rate 7%
$378,000
Cap Rate 9%
$294,000
Alternative Uses
Best Use
Retail
$378.0K
$330.8K – $441.0K
NOI $26,460 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.4K
$537.6K – $716.8K
NOI $43,008 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
14,050 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,506 visits/mo
0.1 miles
Demographics for 70769, LA
46,671
Population
17,557
Households
2.7
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
47.9 sq mi
ZIP Area
974
Density / Sq Mi
$114,707
Median Household Income
$59,552
Median Earnings
$1,245
Median Rent
$295,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- House of Redd's Florist, Inc — 40235 LA-42, Prairieville, LA 70769
Frequently Asked Questions
What type of property is this?
Storefront property - Occupied retail building with on-site parking and an established tenant in place.
Where is this storefront property located?
The property is located at 41012 Hwy 42 Prairieville, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: ±2,800 SF leased retail property; Signalized intersection at Hwy 42 and Billy Blvd; ±14,050 daily traffic at the intersection
