301 Meadow Farm Dr - Sports and Entertainment FOR SALE


Lafayette, LA 70508- Central Lafayette Parish
$27,652,000 USD
510-289-1166
301 Meadow Farm Dr, Lafayette, LA for Sale
$27,652,000 USD
Sports and Entertainment - FOR SALE
1/2
null | 7.15% Cap Rate

301 Meadow Farm Dr
Lafayette, LA 70508
Central Lafayette Parish


HIGHLIGHTS

  • Long-Term Corporate Lease Guaranteed by Topgolf International Inc.
  • Absolute Net Lease - Zero Landlord Obligations
  • Brand New 2023 Construction with State-of-the-Art Features
  • Located at Lafayette’s ‘Main-at-Main’ Intersection in the Premier Regional Shopping Destination - Ambassador Town Center Anchored by Costco & Dick’s
  • Large Depreciation Benefits Due to Nature of the Improvements

OVERVIEW

The subject property is approximately 6.5 miles south of downtown Lafayette with excellent access and visibility along Lafayette’s primary retail corridor. The site benefits from robust demographics with a total daytime population of approximately 343,000 within 15 miles and an average household income of $90,347 within a 10-mile radius. The property benefits from a prominent retail location in close proximity to shopping centers, major retail tenants, schools, and employers. Nearby retail centers include Ambassador Town Center (5.8 million visits per year, per Placer.ai), featuring Costco, Dick’s Sporting Goods, Field & Stream, Marshalls, HomeGoods, Nordstrom Rack, PetSmart, Sonic, BJ’s Restaurant & Brewhouse, Chick-fil-A and more; Crossroads South shopping center, anchored by Albertsons and Kohl’s with Petco, DSW, Starbucks, and Five Guys; and River Marketplace, which includes Target, Ross, Total Wine, Books-A-Million, Buffalo Wild Wings, Raising Cane’s, and more. Other notable nearby tenants include The Grand Theatre 14-screen movie theater, ALDI, Academy Sports, At Home, Whole Foods and Dave & Buster’s. This property is listed in conjunction with Louisiana-licensed real estate broker Felicity Property Co.

FOR SALE DETAILS

PRICE

$27,652,000 USD

PRICE/SF

$628 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Topgolf

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.66 AC

LAND SF

507,910 SF

ZONING

2

APN/PARCEL ID

6171796

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.