329 Pont Des Mouton Rd, Lafayette, LA 70507-3305
- Office Spaces
- 1.49 lot acres
Current Use by Public Records
- Hancock Whitney ATM / Atm
- Couret Farms Branch / Bank / Loan Service
- Hancock Whitney Bank / Bank / Loan Service
Property Details for 329 Pont Des Mouton Rd
- Lot size
- 1.49 lot acres
- Property type
- Office Spaces
- APN
- 6150065
- APU
- 6150065
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 3, 2022 | — | Total Commercial Realty LLC | — | Deed · related | $1.8M · Home Bank NA |
| Jun 12, 2019 | $2,700,000 | Total Commercial Realty LLC | Ccrr Properties LLC | Cash Sale Deed | $2.1M · Midsouth Bank NA |
| Sep 23, 2009 | $115,000 | Kenneth James Champaghe | The Congregation Of Our Lady Queen | Cash Sale Deed | — |
Description
This exceptional investment opportunity features a 1,829 square foot Class A bank building in Lafayette, LA, on a 1.49-acre lot. The property boasts a strong 6.10% cap rate and a long-term NNN lease with Hancock Whitney Bank, a credit-rated tenant, extending until November 12, 2033. The lease commenced November 12, 2018, and includes rent bumps tied to the CPI with a 3% cap, beginning in year 11 and each subsequent option period. Two, five-year lease options are included. The building, constructed in 2018, is situated in a high-traffic area with excellent visibility, benefiting from over 11,800 vehicles passing daily. Its location near I-49, the Reserve at Couret Farms, and other national retailers like Target and Academy Sports + Outdoors ensures strong customer traffic and a stable investment. The property's Net Operating Income (NOI) is $184,428, with a sale price of $3,023,402 and a price per square foot of $1,653.04. The property is zoned C-1 and offers a fee-simple ownership structure with minimal landlord responsibilities. This single-tenant, single-story building presents a secure and lucrative investment opportunity in a thriving Lafayette, Louisiana market with a population exceeding 75,000 residents and 50,000 employees in the trade area. The asking price reflects a compelling value proposition for investors seeking a stable, high-yield asset.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Lafayette
- State
- Louisiana
- Longitude
- -92.0263
- Latitude
- 30.2732
- CBSA code
- 29180
- CBSA name
- LAFAYETTE, LA METROPOLITAN STATISTICAL AREA
