Share This Listing

Message

958 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Executive Summary

98% Occupied Shopping Center in Major College Town
Well-Established Tenants Including Harbor Freight Tools, Dollar Tree, Golfballs.com, and Piccadilly Restaurant, with an average tenure of over 26 years.
80% National Tenancy – Stable, Long-Term Income Stream with National Credit Backing, Offering Security for The Next Ownership Cycle.
High-Traffic Location on Johnson St. – Accessing 46,207 VPD & Connecting Downtown Lafayette and the University of Louisiana.
Harbor Freight ranked #3 out of 30 Louisiana locations by Placer.ai, placing it in the top 20% nationwide.
Dense, Growing Demographics – 136,560 people within a 5-mile radius & Average Household Income of $80,513
Adjacent to Lafayette High School (1,852 students) and just 2 miles from the University of Louisiana campus, employing 2,200+ and serving 19,200 students.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
68,012 SF
Building Class
B
Year Built/Renovated
1975/1994
Price
$8,500,000
Price Per SF
$124.98
Cap Rate
8.48%
NOI
$720,961
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
5.17 AC
Parking
283 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
760’ on Armould Blvd

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Direct General Insurance Agency
  • Accommodation and Food Services
  • -
  • -
  • Mar 2030
  • Dollar Tree
  • Accommodation and Food Services
  • -
  • -
  • Jul 2027
  • Retailer
  • -
  • -
  • Jul 2028

Established in 1995 as a purely virtual business and has transitioned over the years into one of the leading golf Internet retailers on the web, with a strong focus on customized products. As the World Leader in Golf Customization, Golfballs.com gives golfers the ability to customize golf balls from the very best brands in golf with personalized text, monogram designs, photos, and company or business logos. In addition to golf balls, they personalize everything from golf towels and hats to bags, shirts, accessories, and much more. They also offer a complete selection of golf clubs, shoes, apparel or anything else you may need for your golf game. Located in Lafayette, LA, Golfballs.com houses the largest golf retail center in Louisiana provides customers with access to a huge inventory of everything from the hottest clubs and apparel to shoes, equipment and more.

  • Retailer
  • -
  • -
  • May 2030

Harbor Freight Tools is a privately held discount tool and equipment retailer founded in 1977 by Eric Smidt and Allan Smidt. Headquartered in Calabasas, California, the company began as a mail-order business and opened its first retail store in 1980. Harbor Freight operates over 1,600 stores across 48 states and employs more than 30,000 people. The retailer offers a wide range of products, including hand tools, power tools, automotive equipment, generators, and shop supplies, marketed under proprietary brands such as Pittsburgh, Bauer, Hercules, and U.S. General. Harbor Freight’s business model focuses on direct sourcing from manufacturers to reduce costs and provide tools at prices significantly lower than competitors. The company also maintains a strong e-commerce presence and offers financing options, loyalty programs, and extended service plans. Harbor Freight remains family-owned and is recognized for its commitment to affordability and value in the tool retail industry.

  • Piccadilly
  • Accommodation and Food Services
  • -
  • -
  • Aug 2027
Tenant Industry SF Occupied Rent/SF Lease End
Direct General Insurance Agency Accommodation and Food Services - - Mar 2030
Dollar Tree Accommodation and Food Services - - Jul 2027
Retailer - - Jul 2028
Retailer - - May 2030
Piccadilly Accommodation and Food Services - - Aug 2027
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100

Nearby Major Retailers

Capital One
Hancock Whitney Bank
Piccadilly Cafeteria
Checkers
Scooter's Coffee
Rouses Markets
CrossFit
Snap Fitness 24/7
Freddy's Frozen Custard & Steakburgers
1st Heritage Credit

Property Taxes

Property Taxes

Parcel Number
6053097
Land Assessment
$168,989
Improvements Assessment
$354,900
Total Assessment
$523,889
  • Listing ID: 38187458

  • Date on Market: 10/23/2025

  • Last Updated:

  • Address: 124-128 Arnould Blvd, Lafayette, LA 70506

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}