5520 Johnston St - Retail FOR SALE
Lafayette, LA 70503 |
5520 Johnston St
Lafayette, LA 70503
HIGHLIGHTS
- 7.50 Percent Year 1 CAP Rate | 8.62 Year 2 Pro-Forma CAP Rate
- Situated Off Dominant Retail Intersection of Johnston Street (36,046 Vehicles Per Day) and Ambassador Caffery Parkway (51,100 Vehicles Per Day)
- Close Proximity to Retailers Including: Walmart, Sam’s Club, The Home Depot, Lowe’s, Best Buy, Starbucks, etc.
- Below Market Rent, Averaging $13.72 Per Square Foot. Neighboring Centers Asking $19.50 Per Square Foot on Average
- $140 Per Square Foot to Building (Priced Below Replacement Cost)
- Significant Upside for a Stabilized Property in a Major Retail Corridor
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Centerpiece Shopping Center
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
45143
STORIES
1
YEAR BUILT
1986
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
6072499
