900 E Admiral Doyle Dr New Iberia, LA 70560
100% leased, freestanding, 3-tenant NNN outparcel pad building.
Type:Retail
Property size:
7,572 SF- Added:
- Nov 9, 2023
- Days on Market:
- 891
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 900 E Admiral Doyle Dr
General Information
- Standard status
- Active
- Size
- 7,572 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing agent Scott DeYoung License #CA 01889050
Listing office Faris Lee Investments
Listing date Nov 9, 2023
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 Faris Lee Investments
Overview
Freestanding NNN Leased Outparcel Pad
This is a fee simple interest (Land & Building) offering for sale. It is a 100% leased, freestanding, 3-tenant NNN outparcel pad building located in New Iberia, Louisiana. All three tenants signed brand-new long-term leases in 2023, with options to extend the term. Mattress Firm’s lease includes rental increases throughout the term. All 3 leases are NNN, making the tenants responsible for their pro rata share of expenses (taxes, insurance, and CAM) associated with the property, providing the landlord with minimal responsibilities. Mattress Firm and Cellular Sales (DBA Verizon) both feature corporate-backed leases. Each tenant features high-grade credit ratings as they are each established brands in their respective industries. Mattress Firm has over 2,300 locations, Cellular Sales has over 700 locations, and Zeus Mediterranean Kitchen has 17 locations. The property is strategically located in New Iberia, Louisiana, with a population of over 27,000. The Shops are an outparcel to a regional shopping center with strong anchors Hobby Lobby, Rouses Market, and Ross Dress for Less. Tenants within the immediate trade area include Walmart, TJ Maxx, PetSmart, and Five Below. South Lewis provides over 23,000 vehicles per day, Admiral Doyle Drive provides over 21,000 vehicles per day and more than 74,000 people live within a ten-mile radius. The property size is 7,572 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hobby Lobby
(Bike/Boat/Book/etc) Store
Rouses Market
Grocery & Convenience Store
Ross Dress for Less
Department Store
Mattress Firm Shops ...
Furniture & Home Goods
Verizon
Telecommunications Service
Location Insight
- Map
- Local Demand
- City
- New Iberia
- County
- Iberia
- State
- Louisiana
- Longitude
- -91.8231562
- Latitude
- 29.9854966
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - 100% leased, freestanding, 3-tenant NNN outparcel pad building.
Where is this strip mall located?
The property is located at 900 E Admiral Doyle Dr New Iberia, LA.
What is the asking price?
The asking price for this property is $3,444,000.
What are key features of this property?
This property features: 100% leased, freestanding, 3‑tenant NNN outparcel pad building.; All three tenants signed brand‑new long‑term leases in 2023 with options to extend.; Mattress Firm and Cellular Sales (DBA Verizon) feature corporate‑backed leases.
