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8950 US-165 20,860 SF 100% Leased Retail Building Sterlington, LA 71280 $3,600,000 ($172.58/SF) 8% Cap Rate
Executive Summary
If you are looking for something to invest in for now and the future, then check out this great new listing in a hot and fast-growing area.
The growth in Sterlington is growing every day, and you can own a great location on Hwy 165 with great income every month. There are
tenants here in the gross income is $280,281 with increase every year. All leases except one are triple net leases and tenants pay all
utilities. New roof installed by current owner within the last 3 years.
The growth in Sterlington is growing every day, and you can own a great location on Hwy 165 with great income every month. There are
tenants here in the gross income is $280,281 with increase every year. All leases except one are triple net leases and tenants pay all
utilities. New roof installed by current owner within the last 3 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
20,860 SF
Building Class
B
Year Built
2016
Price
$3,600,000
Price Per SF
$172.58
Cap Rate
8%
NOI
$288,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.86 AC
Zoning
Commercial
Parking
50 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
- Backup Power / Generators
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $202,979 | |
| Land Assessment | $36,018 | Total Assessment | $238,997 |
Property Taxes
Parcel Numbers
Land Assessment
$36,018
Improvements Assessment
$202,979
Total Assessment
$238,997
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8950 US-165
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