5505-5545 Cameron St Scott, LA

This 70,405 square foot retail property is 87% occupied and anchored by Piggly Wiggly with a long-term lease through 2032. The property is located in the Lafayette MSA, a growing regional market strategically positioned in a rapidly growing market along the Interstate 10 corridor, between Houston and New Orleans, and serves as a regional hub for education, healthcare, and commerce. The property presents a value-add opportunity with approximately 9,400 square feet of vacant space, offering the potential to create value through the lease-up of approximately 14% of the total gross leasable area. As the only major grocery store in Scott, LA, the property benefits from strong real estate fundamentals, including a hard corner location with signalized access, excellent visibility, multiple points of ingress/egress, and ample parking, positioning it for long-term viability. Offered at an attractive basis relative to replacement cost, the property is priced at $64 per square foot, well below the cost to replace comparable grocery-anchored centers. It is located in close proximity to major development, including a 143-acre master-planned community nearby and just one mile from West Village, a new walkable development featuring over 400 multifamily units, retail, and lifestyle amenities.