5520 Johnston St | Lafayette, LA 70503
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- LoopNet Team
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
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
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