Ashley HomeStore Furniture
200 Westmark Blvd, Lafayette, LA 70506
For Sale
Contact for pricing
The absolute NNN lease includes tenant-paid responsibilities and four five-year renewal options.
Property Size50,493 SF
Lot Size2.63 Acres
Price / SF$83.68
Days on Market27
Property Features for 200 Westmark Blvd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
Listed By:
Chris Hollenbeck · License LA SA584876000
(602) 538-7155
Source:
Crexi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 2:17PM
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 Cushman & Wakefield - Phoenix, Arizona
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Investment Insights
Based on property information with market context.
Ashley HomeStore occupies a 50,493-square-foot furniture showroom on 2.63 acres at 200 Westmark Boulevard in Lafayette, Louisiana. The property is leased on an absolute NNN basis to The Dufresne Spencer Group, LLC, doing business as Ashley HomeStore, with a guarantee from Dufresne Spencer Group Holdings, LLC. The lease began January 9, 2019, runs through January 31, 2031, and includes four five-year renewal options. Annual rent adjustments begin February 1, 2027, at the lesser of 1.375% or 1.25 times CPI.
The showroom is near the intersection of Ambassador Caffery Parkway and Johnston Street. Retailers in the surrounding corridor include Costco Wholesale, Target, Lowe’s, The Home Depot, and Academy Sports + Outdoors. More than 133,000 residents live within five miles of the property; average household income in that radius exceeds $104,000, with projections approaching $118,000 by 2031.
The showroom is near the intersection of Ambassador Caffery Parkway and Johnston Street. Retailers in the surrounding corridor include Costco Wholesale, Target, Lowe’s, The Home Depot, and Academy Sports + Outdoors. More than 133,000 residents live within five miles of the property; average household income in that radius exceeds $104,000, with projections approaching $118,000 by 2031.
Key Highlights
- 50,493‑square‑foot showroom on 2.63 acres
- Absolute NNN lease to The Dufresne Spencer Group, LLC DBA Ashley HomeStore
- Lease expires January 31, 2031; four five‑year renewal options
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
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Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - The absolute NNN lease includes tenant-paid responsibilities and four five-year renewal options.
Where is this nnn property located?
The property is located at 200 Westmark Blvd Lafayette, LA.
What is the asking price?
The asking price for this property is $4,225,418.
What are key features of this property?
This property features: 50,493‑square‑foot showroom on 2.63 acres; Absolute NNN lease to The Dufresne Spencer Group, LLC DBA Ashley HomeStore; Lease expires January 31, 2031; four five‑year renewal options
