Walker, LA Retail Property For Sale

Two tenant stand alone building with an estimated 8.13 Cap Rate.

Tenant 1: Anytime Fitness with lease expiring April 30, 2027. Additional 5 year option with 5% increase in year 1 and 3% increase in year 4 of option. Lease is NOT NNN. 3900 square feet

Pays $5,098.50 per month or $61,182 per year

Tenant 2: Sunset Smoke Shop with lease expiring August 14, 2027.Lease is NNN. 2100 square feet

Pays $3,500.00 per month or $42,000 per year

Gross Income $103,182.00 per year

Expenses

Taxes $7,546.00

Property Insurance $4,767.00

Flood Insurance $5,207.00

Total Expenses $17,520.00

Gros Income $103,182.00

Less expenses $ 17,520.00

Net Income $85,662.00

Please do not visit businesses. Call agents to setup appointments.

1.27 acre retail tract for sale. Existing drives and some limited parking in place, and cross easements provide ingress and egress across O'Reilly's, Walker Plaza Shopping Center, and Walgreen's to Hwy 190, Walker South Road, and to Aydell Lane opposite the new Walker Municipal Building. Some use restrictions in place, call broker.