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2863 Ambassador Caffery Pky
Lafayette, LA 70506
Albertsons: Lafayette, LA · Retail Property For Sale
Investment Highlights
- Albertsons’ absolute NNN lease features ±4.7 years of term remaining with six, 5-year renewal options.
- 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.
- Located at the signalized intersection of Ambassador Caffery Parkway (39,609 VPD) and West Congress Street (32,341 VPD).
- 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.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
74,493 SF
Building Class
B
Year Built
2000
Price
$11,724,500
Price Per SF
$157.39
Cap Rate
8.75%
NOI
$1,025,895
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
7.63 AC
Parking
337 Spaces (4.52 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 6037102 | Improvements Assessment | $571,101 |
| Land Assessment | $265,855 | Total Assessment | $836,956 |
Property Taxes
Parcel Number
6037102
Land Assessment
$265,855
Improvements Assessment
$571,101
Total Assessment
$836,956
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