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Capital One Bank Ground Lease
New
For Sale
$2,277,481

1123 E Admiral Doyle Dr, New Iberia, LA 70560

The leased site sits alongside a Walmart Supercenter as an outpad.

Property Size4,080 SF
Price / SF$558.21
Days on Market2
Rey
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Property Features for 1123 E Admiral Doyle Dr

General Information

Standard status Active
Size 4,080 SF
Property subtype Bank

Additional Details

Cap Rate 6.75%
Anchor Co-Tenants Walmart Supercenter

Amenities

Investment Grade Corporate Lease
Absolute Net Ground Lease
Recent Lease Extension with Rent Increases

Building Details

Building Size 4,080 SF
Tenancy Single
Listed By: Josh Johnson · License #License(s): CA: 01930127
Source: Marcusmillichap
Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Josh Johnson

Investment Insights

Based on property information with market context.

This bank property is subject to a Capital One ground lease, with just over three years remaining in the current term. Two additional three-year options are available, and rent increases 10% during each option period.

The property occupies an outpad position to a Walmart Supercenter. The listing also reports a 6.75% cap rate.

Key Highlights

  • Capital One ground lease with just over three years remaining
  • Two three‑year renewal options, each with a 10% rent increase
  • Outpad to a Walmart Supercenter

Property Analytics

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Current Use

Capital One Bank Bank Capital One ATM Atm

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Law Firm HVAC Service Gym & Fitness Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

707
Businesses Nearby
502k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 36% Superstores 18% Groceries 17% Apparel 14%
Walmart Superstores
87,974 visits/mo 0.2 miles
Rouses Market Groceries
40,468 visits/mo 0.3 miles
Super 1 Foods & Pharmacy Groceries
38,436 visits/mo 0.1 miles
T.J. Maxx Apparel
31,718 visits/mo 0.2 miles
Five Below Shops & Services
31,392 visits/mo 0.2 miles

Demographics for 70560, LA

39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Bank - The leased site sits alongside a Walmart Supercenter as an outpad.
Where is this bank located?
The property is located at 1123 E Admiral Doyle Dr New Iberia, LA.
What is the asking price?
The asking price for this property is $2,277,481.
What are key features of this property?
This property features: Capital One ground lease with just over three years remaining; Two three‑year renewal options, each with a 10% rent increase; Outpad to a Walmart Supercenter
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