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Endcap Drive-Thru Retail Suite
For Lease
$24 SF/Yr CAM $5 /SF/Yr

B-3545 N University Ave, Lafayette, LA 70503

Proposed single-story multi-tenant retail building with an endcap drive-thru option and suite sizes from 1,200 to 5,700 SF.

Space SizeContact for details
Days on Market904

Property Features for B-3545 N University Ave

General Information

Standard status Active

Building Details

Stories 1
Tenancy Multi
Listing Agency: The Gleason Group
Listed By: David A Gleason · License #995695245
Source: Exprealty
Added: Mar 19, 2024 Changed: Aug 20 Last Checked: Sep 7 at 12:08PM

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 The Gleason Group

Investment Insights

Based on property information with market context.

A proposed single-story, multi-tenant retail building positioned off University Avenue, designed for flexible suite configurations. The development is planned to total approximately 5,700 square feet, with available suites ranging from about 1,200 to 5,700 square feet.

The building includes a drive-thru option located on an end cap, creating a practical configuration for users that benefit from direct vehicle access. The center is described as suitable for a range of concepts, including restaurants, hair salons, spas, boutiques, and professional office uses.

Tenant improvements are to be considered with acceptable lease terms. Estimated CAM is $5.00 to $7.00 per square foot.

Key Highlights

  • Proposed single‑story multi‑tenant retail building totaling approximately 5,700 SF
  • Endcap drive‑thru option included in the building design
  • Planned suite sizes range from approximately 1,200 to 5,700 SF

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick HVAC Service Home Appliance Store (Bike/Boat/Book/etc) Store Veterinary Clinic Storage Facility Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
$5 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,014
Businesses Nearby
Under-served
Demand for This Use

Demographics for 70503, LA

27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value

Market

Lease Benchmarks for Lafayette, LA

$16.88 /SF/Yr
Avg Asking Price
$8–$24 /SF/Yr
Price Range
23,879 SF
Avg Space Size

This space is priced 42% above the average of $16.88 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Proposed single-story multi-tenant retail building with an endcap drive-thru option and suite sizes from 1,200 to 5,700 SF.
Where is this shopping center located?
The property is located at B-3545 N University Ave Lafayette, LA.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Proposed single‑story multi‑tenant retail building totaling approximately 5,700 SF; Endcap drive‑thru option included in the building design; Planned suite sizes range from approximately 1,200 to 5,700 SF
More about this property
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