Albertsons Retail Property For
For Sale
Contact for pricing
2863 Ambassador Caffery Pkwy, Lafayette, LA 70506
Retail property with established tenant and long-term lease.
Property Size74,493 SF
Price / SF$153.02
Days on Market180
Property Features for 2863 Ambassador Caffery Pkwy
General Information
Standard status
Active
Size
74,493 SF
Total Parking Spaces
337
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$1,025,895
Building Details
Year Built
2000
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CBRE - Baton Rouge
(256) 724-2764
Listed By:
Jake Loach · License #LA SALE.995703697-ACT
Source:
Crexi
Added: Feb 23
Changed: Aug 21
Last Checked: Aug 21 at 7:14PM
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 CBRE - Baton Rouge
Investment Insights
Based on property information with market context.
The property is located at the signalized intersection of Ambassador Caffery Parkway and West Congress Street. Ambassador Caffery Parkway has a traffic volume of 39,609 vehicles per day, while West Congress Street sees 32,341 vehicles per day. The site is less than 4 miles south of Interstate 10, which experiences a traffic volume of 75,978 vehicles per day. The property is occupied by Albertsons, operating under an absolute NNN lease with approximately 4.7 years of remaining term. The lease includes six, 5-year renewal options. The property size is 74,493 square feet.
Key Highlights
- Located at a high‑traffic signalized intersection of Ambassador Caffery Parkway (39,609 VPD) and West Congress Street (32,341 VPD)
- Absolute NNN lease
- ±4.7 years of lease term remaining
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$967,958
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$19,359,160
$19.4M
Cap Rate 7%
$13,827,971
$13.8M
Cap Rate 9%
$10,755,089
$10.8M
Market Conditions
NOI Build-Up for 74,493 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.40M $18.84/SF
− Vacancy
−$112.8K −$1.51/SF
EGI
$1.29M $17.33/SF
− OpEx
−$322.7K −$4.33/SF
NOI
$968.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$19,359,160
Cap Rate 7%
$13,827,971
Cap Rate 9%
$10,755,089
Alternative Uses
Best Use
Specialty Retail
$13.83M
$12.10M – $16.13M
NOI $967,958 @ 7.0% cap · market cap 8.49%
Second Best
Retail
$12.91M
$11.29M – $15.06M
NOI $903,428 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$17.61M
$15.41M – $20.55M
NOI $1,232,889 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Shop Rite — 4000 W Congress St, Lafayette, LA 70506
- Albertsons — 2863 Ambassador Caffery Pkwy, Lafayette, LA 70506
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property with established tenant and long-term lease.
Where is this grocery and convenience store located?
The property is located at 2863 Ambassador Caffery Pkwy Lafayette, LA.
What is the asking price?
The asking price for this property is $11,398,900.
What are key features of this property?
This property features: Located at a high‑traffic signalized intersection of Ambassador Caffery Parkway (39,609 VPD) and West Congress Street (32,341 VPD); Absolute NNN lease; ±4.7 years of lease term remaining
