1215 Evangeline Thruway Lafayette, LA 70501
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14,000 SF Retail Center, 100% Occupied
Property size:
14,000 SFProperty Features for 1215 Evangeline Thruway
General Information
- Property type
- Lifestyle centers
- Square Feet
- 14,000 SF
- Lot Size
- 58,370 SF
Building Details
- Stories
- 1
Listing Agency: NAI/Latter & Blum Listing Agent: Jeremy Harson, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 14,000-square-foot shopping center in Lafayette, LA, presents a compelling investment opportunity. Located at 1215 NW Evangeline Thruway, this single-story, multi-tenant property boasts 100% occupancy and a strong 9.9% cap rate. The asking price is $1,650,000, translating to $117.86 per square foot. Built in 2000, the center benefits from long-term tenants, many of whom have been in place since its construction. Five of the six tenants operate under triple net leases, covering their share of taxes, insurance, maintenance, and management fees. The property has been meticulously maintained by a local property management company. Situated on a 1.34-acre lot (APN 6108469) in a high-traffic area, the center enjoys daily traffic counts exceeding 50,000 vehicles on NW Evangeline Thruway and is conveniently located approximately half a mile from I-10, with over 70,000 vehicles passing daily. The property is zoned CH. This is a rare opportunity to acquire a stable, high-performing retail asset in a prime Lafayette location.
Property Profile
Location Intelligence
Current Use by Public Records
Lifestyle centers
Map
- City
- Lafayette
- County
- Lafayette Parish
- State
- Louisiana
- Longitude
- -92.0144209
- Latitude
- 30.2378256
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FAQs
What type of property is this?
Lifestyle center - 14,000 SF Retail Center, 100% Occupied
Where is this lifestyle center located?
The property is located at 1215 Evangeline Thruway Lafayette, LA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 14,000 SF shopping center in Lafayette, LA, offering a 9.9% cap rate.; Located at 1215 NW Evangeline Thruway, with 100% occupancy.; Asking price: $1,650,000 ($117.86/SF).
