5540 Johnston StLafayette, LA 70503

This exceptional 7,844 square foot retail property in Lafayette, Louisiana, presents a compelling investment opportunity. Located at 5540 Johnston St, this 100% occupied, stabilized investment boasts a 6.50% cap rate and a strong NOI of $332,100. Anchored by Aspen Dental and Stanton Optical, two nationally recognized brands with long-term leases (initial 10-year term through 2027, with three 5-year options), this property offers significant upside potential. The leases include 10% rent escalations in years 6-10 and in each renewal. Built in 2017, the property benefits from excellent visibility on Johnston St and Ambassador Caffery Pkwy, with combined traffic counts exceeding 79,000 ADT. Its prime location at a hard corner, multiple access points, and proximity to major retailers like Sam's Club, Hobby Lobby, Best Buy, and Acadiana Mall further enhance its appeal. The property's strong performance is underscored by market rent growth of 5.5% in the past year and vacancies in the MSA below the five-year average. Landlord responsibilities include roof and structure maintenance. This is a rare opportunity to acquire a high-performing, multi-tenant retail asset in a thriving Louisiana market. The asking price is $5,109,000, representing a price per square foot of $651.33.