Current Use by Public Records
- Retail properties & Spaces
Property Details for 8155 Us Hwy
- Year built
- 2001
- Lot size
- 1.91 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 18,800 square foot Roses Express storefront located at 8155 US Hwy 165 in Columbia, Louisiana. The property, built in 2001 and renovated in 2009, sits on approximately 1.91 to 2 acres of land and includes 60 parking spaces. Currently operating under a net lease with a credit-rated tenant, the lease commenced October 1, 2023, and expires September 30, 2026, with two three-year renewal options at a 6% rent increase per term. The property boasts a current NOI of $35,900 and a pro-forma NOI of $30,126, resulting in a 6.14% cap rate and a pro-forma cap rate of 5.15%. The asking price is $585,000, translating to $31.12 per square foot. Recent improvements include a completely updated roof, extending its lifespan by an estimated 10-15 years, and a new 25-year billboard lease agreement projected to generate an additional $3,000-$5,000 annual income. The property is zoned for Parish use and offers potential for future development with an additional 18 acres available. Financial statements and building information are available upon request. This is a prime retail investment in a high-traffic location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Caldwell Parish
- State
- Louisiana
- Longitude
- -92.0952
- Latitude
- 32.0715
