Roses Express 8155 Highway 165 18,800 SF 100% Leased Retail Building Columbia, LA 71418 $585,000 ($31.12/SF) 6.14% Cap Rate
INVESTMENT HIGHLIGHTS
- Main discount store in rural town.
- On Hwy 165
- Excellent Exposure.
- Established location.
EXECUTIVE SUMMARY
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!
All roof 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!
All roof 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!
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
18,800 SF
Building Class
C
Year Built
1998
Price
$585,000
Price Per SF
$31.12
Cap Rate
6.14%
NOI
$35,919
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
19.96 AC
Zoning
Parish - Commercial
Parking
60 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
185’ on US Hwy 165
AMENITIES
- Freeway Visibility
- Property Manager on Site
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
Roses has been making the things customers need and want in life accessible. By always offering quality items at low price, their customers don’t have to chase down clearance sales or coupons constantly. They understand that customers work hard for their money and they have worked hard to build their reputation as the local, no-frills, marketplace for quality, name-brand items for everyone. They know and believe that customers deserve a place to find all they need and want in one convenient location.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - |
PROPERTY TAXES
| Parcel Number | 50010162 | Improvements Assessment | $63,007 (2024) |
| Land Assessment | $15,513 (2024) | Total Assessment | $78,520 (2024) |
