329 Pont Des Mouton Rd Lafayette, LA 70507

Property Details for 329 Pont Des Mouton Rd

Lot size

1.49 lot acres

Property type

Office Properties & Spaces

APN

6150065

APU

6150065

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.