5709 Johnston St - Storefront FOR SALE


Lafayette, LA 70503- Central Lafayette Parish
$2,194,229 USD
5709 Johnston St, Lafayette, LA for Sale
$2,194,229 USD
Storefront - FOR SALE
1/2
null | 7% Cap Rate

5709 Johnston St
Lafayette, LA 70503
Central Lafayette Parish


OVERVIEW

» Positioned within the Lafayette MSA – Ranked #133 in the United States for population size » 100% occupied » Starbucks & T-Mobile are investment grade – S&P: BBB+ & BBB, respectively » 7 years of average lease term remaining » Long term occupancy – Both tenants have been here since 2007 » Located at a signalized intersection along Johnston Street (43,000 VPD) » Acadiana Mall outparcel (Regional Mall – Dillard’s, Barnes & Noble, Bath & Body Works) » Neighboring retailers include Lowe’s Home Improvement, Sam’s Club, Walmart, Hobby Lobby, PetSmart, T.J. Maxx, The Home Depot, Best Buy, Michaels, & several others » Over 127,000 people live within a ?ve-mile radius » Six ?gure income - $102,761 average household income within one mile

FOR SALE DETAILS

PRICE

$2,194,229 USD

PRICE/SF

$506 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks & T-Mobile

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,217 SF

ZONING

CH Commercial Heavy

APN/PARCEL ID

6022935

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info

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Randy BlanksteinThe Boulder GroupMore Info

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