5520 Johnston St | Lafayette, LA 70503
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This Retail Property is no longer advertised on LoopNet.com.
5520 Johnston St
Lafayette, LA 70503
Centerpiece Shopping Center · Retail Property For Sale

INVESTMENT HIGHLIGHTS
- 7.50 Percent Year 1 CAP Rate | 8.62 Year 2 Pro-Forma CAP Rate
- Close Proximity to Retailers Including: Walmart, Sam’s Club, The Home Depot, Lowe’s, Best Buy, Starbucks, etc.
- $140 Per Square Foot to Building (Priced Below Replacement Cost)
- Situated Off Dominant Retail Intersection of Johnston Street (36,046 Vehicles Per Day) and Ambassador Caffery Parkway (51,100 Vehicles Per Day)
- Below Market Rent, Averaging $13.72 Per Square Foot. Neighboring Centers Asking $19.50 Per Square Foot on Average
- Significant Upside for a Stabilized Property in a Major Retail Corridor
PROPERTY FACTS
Property Type
Retail
Building Size
45,577 SF
Building Class
C
Year Built/Renovated
1986/2014
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
4.40 AC
Zoning
C - Commercial
Parking
100 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
- 892’ on Johnston St
- 647’ on Ridge Rd
- 483’ on Johnston Street
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 6072499 | Improvements Assessment | $390,143 |
| Land Assessment | $204,645 | Total Assessment | $594,788 |
PROPERTY TAXES
Parcel Number
6072499
Land Assessment
$204,645
Improvements Assessment
$390,143
Total Assessment
$594,788
Listing ID: 25102393
Date on Market: 2/22/2022
Last Updated:
Address: 5520 Johnston St, Lafayette, LA 70503
The Central Lafayette Parish Retail Property at 5520 Johnston St, Lafayette, LA 70503 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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