Freestanding NNN Leased Outparcel
For Sale
$3,175,000
900 E Admiral Doyle Dr New, New Iberia, LA 70560
100% leased, freestanding, 3-tenant NNN outparcel pad building.
Property Size7,572 SF
Price / SF$419.31
Days on Market205
Property Features for 900 E Admiral Doyle Dr New
General Information
Standard status
Active
Size
7,572 SF
Property subtype
Retail
Net Operating Income
$252,134
Building Details
Building Size
7,572 SF
Year Built
2023
Listing Agency:
Faris Lee Investments
Listed By:
Scott De Young · License #CalDRE #01889050
(949) 933-7958
Source:
Farislee
Added: Mar 26
Changed: Oct 4
Last Checked: Oct 14 at 9:19PM
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
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
518k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Superstores 17%
Groceries 17%
Dining 14%
Walmart
Superstores
87,974 visits/mo
0.4 miles
Rouses Market
Groceries
40,468 visits/mo
0.1 miles
Super 1 Foods & Pharmacy
Groceries
38,436 visits/mo
0.3 miles
T.J. Maxx
Apparel
31,718 visits/mo
0.2 miles
Five Below
Shops & Services
31,392 visits/mo
0.2 miles
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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 New Iberia, LA.
What is the asking price?
The asking price for this property is $3,175,000.
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.
