600 Prien Lk Rd Lake Charles, LA 70601-8612

This exceptional investment opportunity presents a fee-simple ownership of a 3,939 square foot Verizon Wireless storefront in Lake Charles, Louisiana. Located at 600 W Prien Lake Rd, this property boasts a strong 7.53% cap rate and a substantial net operating income (NOI) of $129,868. The property benefits from a corporate-guaranteed, double-net (NN) lease with Verizon Wireless, a credit-rated tenant, extending until June 30, 2027, with two five-year renewal options. Each option period includes a 10% rent increase, with the next increase scheduled for July 2027. Built in 2007 and renovated in 2024 (including a new roof with a 20-year warranty), this single-tenant property sits on a 0.65-acre lot. Its prime location is an outparcel to the thriving Prien Lake Mall, a Simon-owned shopping center, situated at a signalized intersection directly off Interstate 210, a major thoroughfare with over 62,000 vehicles daily. The surrounding area features a dense concentration of national retailers and restaurants, further enhancing the property's visibility and accessibility. Lake Charles's robust economy, fueled by tourism and the presence of major casinos like L'Auberge and Golden Nugget, contributes to a strong retail environment. This is a rare opportunity to acquire a high-performing, well-located retail property with a long-term, creditworthy tenant.