3935 W Congress St | Lafayette, LA 70506
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3935 W Congress St
Lafayette, LA 70506
Brakes For Less · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Value Add Component – Below market rent giving the ability to increase rents, restructure the lease, or re-tenant the building after seven years
- Rental Increases to Combat Inflation – Brakes For Less rent increases by $100 a month every year in the option period
- Minimal Landlord Obligations – The tenant is on an NN lease allowing for a passive investment, while the landlord is responsible for the roof
- One Option To Renew – The current tenant has two (2) years remaining on the lease and one option to renew the lease for five additional years
PROPERTY FACTS
Property Type
Retail
Building Size
2,300 SF
Building Class
C
Year Built
1984
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.43 AC
Zoning
C - zoned for commercial use
Parking
9 Spaces (3.91 Spaces per 1,000 SF Leased)
Frontage
207’ on W Congress St
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 6062705 | Improvements Assessment | $16,257 |
| Land Assessment | $11,795 | Total Assessment | $28,052 |
PROPERTY TAXES
Parcel Number
6062705
Land Assessment
$11,795
Improvements Assessment
$16,257
Total Assessment
$28,052
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