NNN Leased Drive-Thru
2424 Ambassador Caffery Pkwy, Lafayette, LA 70506
For Sale
Contact for pricing
Stand-alone NNN leased property with drive-thru for sale.
Property Size3,187 SF
Price / SF$313.15
Days on Market762
Property Features for 2424 Ambassador Caffery Pkwy
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Net Operating Income
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Saurage Rotenberg Commercial Real Estate
Listed By:
Carmen Austin, MBA, CCIM, SIOR · License LA BROK.0912122713-ASA
(225) 930-6256
Source:
Crexi
Added: Oct 14, 2024
Changed: Aug 8
Last Checked: Aug 9 at 4:33AM
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 Saurage Rotenberg Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This stand-alone property, comprising 3187 square feet, is available for sale. It is currently NNN leased and features a drive-thru. The property is suitable for retail, drive-through restaurants, and general commercial real estate purposes.
Key Highlights
- Stand Alone Property
- NNN Leased
- Features a Drive‑Thru
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,412
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,240
$828.2K
Cap Rate 7%
$591,600
$591.6K
Cap Rate 9%
$460,133
$460.1K
Market Conditions
NOI Build-Up for 3,187 SF
Gross rent
$60.0K $18.84/SF
− Vacancy
−$4.8K −$1.51/SF
EGI
$55.2K $17.33/SF
− OpEx
−$13.8K −$4.33/SF
NOI
$41.4K $12.99/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,240
Cap Rate 7%
$591,600
Cap Rate 9%
$460,133
Alternative Uses
Best Use
Specialty Retail
$591.6K
$517.7K – $690.2K
NOI $41,412 @ 7.0% cap · market cap 4.15%
Second Best
Retail
$552.2K
$483.1K – $644.2K
NOI $38,651 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$753.5K
$659.3K – $879.1K
NOI $52,746 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
466
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
$215,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail properties & Spaces in Lafayette, LA
Properties on Market for Retail properties & Spaces in Lafayette
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail property - Stand-alone NNN leased property with drive-thru for sale.
Where is this retail property located?
The property is located at 2424 Ambassador Caffery Pkwy Lafayette, LA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Stand Alone Property; NNN Leased; Features a Drive‑Thru
