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    5709 Johnston St Lafayette, LA 70503

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    For Sale
    $159,747

    Fully occupied retail property with long-term tenants in Lafayette, LA.

    Property size:
    4,322 SF
    Lot size:
    0.53 Acres

    Property Features for 5709 Johnston St

    General Information

    Size
    4,322 SF
    Lot size
    0.53 Acres

    Source: The Boulder Group - Corporate Agent Randy Blankstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lafayette Retail Investment Opportunity

    The retail property is located within the Lafayette MSA, which is ranked #133 in the United States for population size. The property is 100% occupied by Starbucks and T-Mobile. These tenants have occupied the location since 2007 and have an average remaining lease term of 7 years. The property is positioned at a signalized intersection along Johnston Street, which experiences a traffic volume of 43,000 vehicles per day. It is an outparcel of Acadiana Mall, a regional mall anchored by Dillard’s, Barnes & Noble, and Bath & Body Works. Neighboring retailers include Lowe’s Home Improvement, Sam’s Club, Walmart, Hobby Lobby, PetSmart, T.J. Maxx, The Home Depot, Best Buy, and Michaels. The surrounding area has a population of over 127,000 within a five-mile radius and an average household income of $102,761 within one mile.
    Insight Report Location Intelligence

    Current Use by Public Records

    T-Mobile Cell Phone Store Starbucks Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0767758
    Latitude
    30.1749548

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    FAQs

    What type of property is this?
    Retail space - Fully occupied retail property with long-term tenants in Lafayette, LA.
    Where is this retail space located?
    The property is located at 5709 Johnston St Lafayette, LA.
    What is the asking price?
    The asking price for this property is $159,747.
    What are key features of this property?
    This property features: - 100% Occupied with Investment Grade Tenants: Starbucks & T-Mobile; - Long-Term Occupancy: Both tenants since 2007; - Strong Lease Terms: 7 years of average lease term remaining
    (847) 562-8500
    Request Owner's contact information
    5709 Johnston St Lafayette, LA 70503
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    Lafayette, LA 70503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5709 Johnston St Lafayette, LA 70503
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