900 E Admiral Doyle Dr New Iberia, LA 70560

This 7,572-square-foot retail property is a 100% leased, freestanding, 3-tenant NNN outparcel pad building. The property is located in New Iberia, Louisiana, which has a population of over 27,000. The shops are an outparcel to a regional shopping center with Hobby Lobby, Rouses Market, and Ross Dress for Less as strong anchors. Other tenants within the immediate trade area include Walmart, TJ Maxx, PetSmart, and Five Below. The property is centrally located within the east Iberia trade area, in the dominant retail corridor with frontage along South Lewis and E. Admiral Doyle Dr., and with direct access to Hwy 90. South Lewis provides over 23,000 vehicles per day, and Admiral Doyle Drive provides over 21,000 vehicles per day. More than 74,000 people live within a ten-mile radius. All three tenants signed brand-new long-term NNN leases in 2023, with options to extend the term, making the tenants responsible for their pro rata share of expenses (taxes, insurance, and CAM) associated with the property. Tenants include Mattress Firm, Cellular Sales (DBA Verizon), and Zeus Mediterranean Kitchen. Mattress Firm’s lease includes rental increases throughout the term. Mattress Firm has over 2,300 locations, Cellular Sales has over 700 locations, and Zeus Mediterranean Kitchen has 17 locations.