600 Prien Lk Rd Lake Charles, LA 70601-8612
Property profile & analytics
600 Prien Lk Rd Lake Charles, LA 70601-8612
- Retail space
Property ID
US36-1486148
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Verizon / Mobile Phone Store / Electronics & Wireless Store
- Verizon Business Services / Business To Business Service
- CARQUEST AUTO PARTS #3724 / Auto Parts Store
- UPS Access Point location / Courier Service / Postal Service
Property Details for 600 Prien Lk Rd
- Property type
- Retail space
- APN
- 447102
- APU
- 447102
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $535,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Charles
- County
- Calcasieu
- State
- Louisiana
- Longitude
- -93.2137
- Latitude
- 30.1979
- CBSA code
- 29340
- CBSA name
- LAKE CHARLES, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,480
$24,970
$39,490
$64,460
-
$249,700
$263,267
$512,967
