Grocery-Anchored Retail
For Sale
$4,610,000
215 W Willow St, Lafayette, LA 70501
Retail center at the intersection of West Willow Street and Evangeline Thruway with grocery and discount anchors.
Property Size100,264 SF
Price / SF$45.98
Days on Market92
Property Features for 215 W Willow St
General Information
Standard status
Active
Size
100,264 SF
Property subtype
Shopping Strip
Amenities
Super 1 Foods is a Top Performing Location Nationwide: • Tenant Boasts an Extremely Healthy Rent-to-Sales Ratio of 0.64 Percent. • Top 11 Percent Performer, Per Placer AI
Super 1 Foods is Committed to This Proven Location: • Tenant Since 1998 • Tenant Completed Renovation of Approximately $7 Million in 2023.
Attractive Cashflow at Desirable Cost Basis: • 8.75 Percent Day One Cap Rate • Property is Priced Significantly Below Replacement Cost at $46/SF
Property is 84 Percent Occupied by Credit Tenants: Super 1 Foods and dd's Discounts
Located at the Southwest Corner of West Willow Street and Evangeline Thruway: Approximately 75,000 Vehicles Per Day
Building Details
Building Size
100,264 SF
Year Built
1998
Listing Agency:
Houston Office
(713) 452-4292
Listed By:
Alex Wolansky, CCIM · License #License(s): TX: 702899
(713) 452-4292
Source:
Marcusmillichap
Added: Jun 1
Changed: Aug 29
Last Checked: Aug 30 at 1:13PM
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 Houston Office
Investment Insights
Based on property information with market context.
Built in 1998, this Lafayette retail center provides 100,264 square feet of leasable area and is anchored by Super 1 Foods and dd’s Discounts. The property is 100 percent economically occupied and 88 percent physically occupied, with Suites 207 and 209 currently vacant. The seller is to execute three-year master leases for those spaces at closing, with the underwriting reflecting an 8.75 percent day one cap rate.
The center occupies 215 W Willow St at the southwest corner of West Willow Street and Evangeline Thruway. The intersection records approximately 75,000 vehicles per day, placing the property within an established retail concentration. Super 1 Foods ranks in the top 89 percent of nationwide locations for foot traffic, while dd’s Discounts ranks in the top 75 percent in Louisiana, according to Placer AI.
The center occupies 215 W Willow St at the southwest corner of West Willow Street and Evangeline Thruway. The intersection records approximately 75,000 vehicles per day, placing the property within an established retail concentration. Super 1 Foods ranks in the top 89 percent of nationwide locations for foot traffic, while dd’s Discounts ranks in the top 75 percent in Louisiana, according to Placer AI.
Key Highlights
- 100,264 square feet of leasable retail area
- 215 W Willow St at West Willow Street and Evangeline Thruway
- Approximately 75,000 vehicles per day at the intersection
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Karam Shopping Center — 208 W Willow St, Lafayette, LA 70501
- Parkway Plaza Shopping Center — 1996 NW Evangeline Thruway, Lafayette, LA 70501
- Northgate Mall — 1800 NE Evangeline Thruway, Lafayette, LA 70501
- Let Your Light Shine - Gifts and More — 1800 NE Evangeline Thruway Ste E1, Lafayette, LA 70501
- Ebony's Beauty Hair and Skin Care Natural Bath and Body |Lafayette — 1800 NE Evangeline Thruway, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center at the intersection of West Willow Street and Evangeline Thruway with grocery and discount anchors.
Where is this shopping center located?
The property is located at 215 W Willow St Lafayette, LA.
What is the asking price?
The asking price for this property is $4,610,000.
What are key features of this property?
This property features: 100,264 square feet of leasable retail area; 215 W Willow St at West Willow Street and Evangeline Thruway; Approximately 75,000 vehicles per day at the intersection
