1215 Evangeline Thruway Lafayette, LA 70501
- Lifestyle centers
- 14,000 SF
- 1.34 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1215 Evangeline Thruway
- Lot size
- 1.34 lot acres
- Property size
- 14,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Lafayette Parish
- State
- Louisiana
- Longitude
- -92.0144
- Latitude
- 30.2378
