8155 Highway 165 - Freestanding FOR SALE


Columbia, LA 71418
$585,000 USD
318-261-0892
8155 Highway 165, Columbia, LA for Sale
$585,000 USD
Freestanding - FOR SALE
1/14
null | 6.14% Cap Rate

8155 Highway 165
Columbia, LA 71418


HIGHLIGHTS

  • Main discount store in rural town.
  • Excellent Exposure.
  • On Hwy 165
  • Established location.

OVERVIEW

NEW UPDATES! 18,800 SF Income-Producing Commercial/Retail property on Hwy 165 in Columbia, LA with projected 3,000-$5000/year additional income per NEW 25-Year billboard lease agreement. AND! Entire 18,800 SF Roof has been updated! Allroof seams were sealed, the roof was then coated with a flexible waterproof polymer and then painted a reflective white. Should easily extend the roof life 10-15 years and the reflective white should reduce HVAC costs in the building. Roses Express Discount Store is and has been an important convenience to Columbia and surrounding areas since it first opened on Hwy 165 in 2019. Current Lease term thru 09/30/26 with (2) 3-Year Options at 6% increase per renewal. For more information, contact your professional real estate agent today!

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$31 USD /SF

CAP RATE

6.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roses Express

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

19.96 AC

LAND SF

869,458 SF

ZONING

Parish

APN/PARCEL ID

50010162

ASK ABOUT THIS PROPERTY

Jennifer CauseyJohn Rea RealtyMore Info
318-261-0892

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Jennifer CauseyJohn Rea RealtyMore Info
318-261-0892

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.