Income Producing Two Tenant Building
28799 Walker South Road
Walker, LA 70785
Description
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. Tenant has exercised lease extensions at this location. 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.
Located lust north of I-12 on east side Walker South Road between Murphy Express and Little Caesars.
