5705 Johnston St
Lafayette, LA 70503
Barnes&Noble | 8.5CAP | Recent 5yr Extension · Retail Property For Sale

The subject site is located along Johnston Street/U.S. Highway 167, a primary retail corridor traveling outside of Lafayette with over 43,000 vehicles passing by each day. The asset has excellent visibility and access with significant amounts of highway frontage. Barnes & Noble is ideally located adjacent to Acadiana Mall (995,000 SF of retail space), currently anchored by Macy’s, JCPenney, and Dillard’s with 100+ stores & services. The site is also across from a large shopping center anchored by Hobby Lobby and Dollar Tree with other notable tenants including PetSmart, Michaels, and TJMaxx. Other nearby national/credit tenants include Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s, Burlington, Super 1 Foods, JoAnn Fabrics, Best Buy, Big Lots, and more, further increasing consumer traffic and promoting crossover shopping. Moreover, the property is surrounded by 5 apartment communities with a combined 1,226 units providing Barnes & Noble with a large local resident base that it can benefit from. The 5-mile trade area is supported by a dense population of approximately 131,000 with an affluent average household income of $86,000. The immediate 1-mile radius boasts a very high average household income of nearly $112,000.