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    Albertsons Retail Property For Sale Title is generated by Realmo AI

    2863 Ambassador Caffery Pkwy, Lafayette, LA 70506

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    Retail property with established tenant and long-term lease.

    Type:Retail
    Property size:
    74,493 SF
    Price / SF:
    $153/SF
    Added:
    Feb 23, 2026
    Days on Market:
    133
    Last Refresh:
    Jul 5 at 2:49 am

    Property Features for 2863 Ambassador Caffery Pkwy

    General Information

    Standard status
    Active
    Size
    74,493 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2000

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    Jake Loach
    Jake Loach

    Listing office CBRE - Baton Rouge

    Listing date Feb 23, 2026

    Source Crexi

    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

    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
    • Six, 5‑year renewal options
    • Built in 2000
    • Less than 4 miles south of Interstate 10 (75,978 VPD)

    Overview

    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.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $1.40M $18.84
    − Vacancy −$112.8k −$1.51
    EGI $1.29M $17.33
    − OpEx −$322.7k −$4.33
    NOI $968.0k $12.99
    74,493 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $13.83M
    $12.10M – $16.13M (±1% cap)
    NOI $967,958 @ 7.0% cap · market cap 8.49%
    Second Best
    Retail
    $12.91M
    $11.29M – $15.06M (±1% cap)
    NOI $903,428 @ 7.0% cap · market cap 7.93%
    Theoretical Best
    Office A
    $17.61M
    $15.41M – $20.55M (±1% cap)
    NOI $1,232,889 @ 7.0% cap · market cap 10.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coinstar Kiosk | Bitcoin ... Atm Starbucks Cafe & Coffee Shop Albertsons Deli Food Market Leenora Broussard, RPH Pharmacy Western Union Bank

    Suggested Use

    Law Firm Real Estate Agency Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom Discount Store Parking Lot & Garage Department Store Clothing & Fashion Store Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • R2 Positive Culture — 1605 N Bertrand Dr, Lafayette, LA 70506
    • La Morenita Meat Market — 412 Ambassador Caffery Pkwy, Scott, LA 70583

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0739923
    Latitude
    30.1985187

    FAQs

    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
    More about this property
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