Building Details

Year Built 2000

Listing Agency: CBRE Baton Rouge

Listed By: Jake Loach · License #SALE.995703697-ACT Show Phone

Source: Lacdb.resimplifi

Added: Feb 25 Changed: Sep 22 Last Checked: Oct 5 at 2:59PM

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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 / Yr

$967,958

Cap Rate

8.49%

Suggested Prices Based on Cap Rates

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

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 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 (±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 authorities.

Property Analytics

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Current Use

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

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Kitchen & Bath Showroom Gym & Fitness Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

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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