2863 Ambassador Caffery Pky - Supermarket FOR SALE


Lafayette, LA 70506- Central Lafayette Parish
$11,724,500 USD
404-504-7900
2863 Ambassador Caffery Pky, Lafayette, LA for Sale
$11,724,500 USD
Supermarket - FOR SALE
1/9
null | 8.75% Cap Rate

2863 Ambassador Caffery Pky
Lafayette, LA 70506
Central Lafayette Parish


HIGHLIGHTS

  • Albertsons’ absolute NNN lease features ±4.7 years of term remaining with six, 5-year renewal options.
  • Located at the signalized intersection of Ambassador Caffery Parkway (39,609 VPD) and West Congress Street (32,341 VPD).
  • Anchors a shopping center that is also home to Church’s Texas Chicken, Subway, Saigon Noodles, CC’s Coffee House, Asian Palace Buffet & Grill, etc.
  • 3.7 MSF of retail, 9.3 MSF of office, 6.5 MSF of industrial, 15,500+ multifamily units, and 3,900+ hotel rooms within a 5-mile radius.

OVERVIEW

Absolute NNN Lease: Albertsons’ absolute NNN lease features ±4.7 years of term remaining with six, 5-year renewal options. Prime Location & Visibility: The property is located at the signalized intersection of Ambassador Caffery Parkway (39,609 VPD) and West Congress Street (32,341 VPD), where it is less than 4 miles south of Interstate 10 (75,978 VPD). Strategic Location: Albertsons anchors a shopping center that is also home to Church’s Texas Chicken, Subway, Saigon Noodles, CC’s Coffee House, Asian Palace Buffet & Grill, Soul Haus Kitchen, Omega Dentistry, and Circle K. Robust Retail & Commercial Corridor: In total, there are 13.7 MSF of retail, 9.3 MSF of office, 6.5 MSF of industrial, 15,500+ multifamily units, and 3,900+ hotel rooms within a 5-mile radius. Major traffic drivers in the surrounding area include the Ochsner Lafayette General Orthopedic Hospital (100+ Beds), the 1 MSF Acadiana Mall (Dillard’s, JCPenney, CubeSmart Self Storage), Walmart Supercenter, Sam’s Club, Home Depot, Lowe’s Home Improvement, Hobby Lobby, T.J. Maxx, Best Buy, and PetSmart, among others.

FOR SALE DETAILS

PRICE

$11,724,500 USD

PRICE/SF

$157 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Albertsons: Lafayette, LA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

337

LAND DETAILS

LAND ACRES

7.63 AC

LAND SF

332,319 SF

ZONING

-

APN/PARCEL ID

6037102

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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