Net-Leased Dental and Optical
For Sale
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5540 Johnston St, Lafayette, LA 70503
Net-lease retail investment with corporate guarantees and a 10-year initial term through 2027.
Property SizeContact for details
Days on Market124
Property Features for 5540 Johnston St
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Multi
Listing Agency:
Palomar Real Estate Group
Listed By:
David Rivers · License #GA 311935
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 3:05AM
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 Palomar Real Estate Group
Investment Insights
Based on property information with market context.
This net-leased retail property is presented with corporate guarantees and a 10-year initial term through 2027. The tenancy features Aspen Dental and Stanton Optical, with Aspen Dental operating 1,000 locations and Stanton Optical operating 185+ locations.
The leases include 10% rent escalations in years 6 through 10 of each lease, followed by 10% rent escalations in every renewal. Landlord responsibilities include the roof and structure, and the agreement provides three 5-year options.
Located at 5540 Johnston St in Lafayette, Louisiana, the property is structured to provide long-term lease stability with scheduled escalations and renewal options.
The leases include 10% rent escalations in years 6 through 10 of each lease, followed by 10% rent escalations in every renewal. Landlord responsibilities include the roof and structure, and the agreement provides three 5-year options.
Located at 5540 Johnston St in Lafayette, Louisiana, the property is structured to provide long-term lease stability with scheduled escalations and renewal options.
Key Highlights
- Net‑lease retail investment with corporate guarantees
- 10‑year initial term through 2027
- 10% rent escalations in years 6–10 of each lease
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Net-lease retail investment with corporate guarantees and a 10-year initial term through 2027.
Where is this retail space located?
The property is located at 5540 Johnston St Lafayette, LA.
What are key features of this property?
This property features: Net‑lease retail investment with corporate guarantees; 10‑year initial term through 2027; 10% rent escalations in years 6–10 of each lease
