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Shopping Strip

Evangeline Shopping Center

1215 NW Evangeline Thruway, Lafayette, LA 70501

Listing Price: $1,833,333

Cap Rate
9.02%
Gross SF
14,017
Rentable SF
14,017
Price/Gross SF
$130.79
Lot Size
1.34 acres
Year Built
2001

Investment Overview

Marcus & Millichap of Baton Rouge is pleased to offer the 14,000 SF Evangeline Shopping Center to your investors. The property is located at 1215 NW Evangeline Thruway in Lafayette, LA. The property is 100% occupied consisting of six tenants, all of which have excellent history at this location (some dating back to 2000). Several tenants recently renewed and/or extended their respective leases including Rent-A-Center, Go-Auto Ins., Flair Boutique, and IMAN Beauty Supply. Five of the six tenants operate under NNN leases, and the property is professionally maintained by a local, yet large Management Company. The property is situated on 1.34 acres and fronts NW Evangeline Thruway just 1.5 miles South of Interstate 10. Traffic Counts are +/- 55,000 on NW Evangeline and over 70,000 on I-10. Several national retailers surround the property including Home Depot, McDonald's, Planet Fitness, Hibbett Sports. Current ownership has taken excellent care of this property for many years. Their hands-on approach has removed future burdens from a potential buyer. The roof was replaced in 2018, and most recently, the parking lot was re-striped in July 2022 and several trees were trimmed in August 2022.

Investment Highlights

  • 100% Occupied | 14,000 SF Shopping Center
  • Long-Term Tenants | Recent Extensions
  • Professionally Maintained | Excellent Condition
  • Traffic Counts 50,000+ on NW Evangeline | Over 70,000 on I-10
  • 3 Mile Population 57,000+ | Daytime Population 97,000+

Exclusively Listed By

Financing By

Shopping Strip

Evangeline Shopping Center

Listing Price: $1,833,333

Cap Rate
9.02%
Gross SF
14,017
Rentable SF
14,017
Price/Gross SF
$130.79
Lot Size
1.34 acres
Year Built
2001

Investment Highlights

  • 100% Occupied | 14,000 SF Shopping Center
  • Long-Term Tenants | Recent Extensions
  • Professionally Maintained | Excellent Condition
  • Traffic Counts 50,000+ on NW Evangeline | Over 70,000 on I-10
  • 3 Mile Population 57,000+ | Daytime Population 97,000+

Investment Overview

Marcus & Millichap of Baton Rouge is pleased to offer the 14,000 SF Evangeline Shopping Center to your investors. The property is located at 1215 NW Evangeline Thruway in Lafayette, LA. The property is 100% occupied consisting of six tenants, all of which have excellent history at this location (some dating back to 2000). Several tenants recently renewed and/or extended their respective leases including Rent-A-Center, Go-Auto Ins., Flair Boutique, and IMAN Beauty Supply. Five of the six tenants operate under NNN leases, and the property is professionally maintained by a local, yet large Management Company. The property is situated on 1.34 acres and fronts NW Evangeline Thruway just 1.5 miles South of Interstate 10. Traffic Counts are +/- 55,000 on NW Evangeline and over 70,000 on I-10. Several national retailers surround the property including Home Depot, McDonald's, Planet Fitness, Hibbett Sports. Current ownership has taken excellent care of this property for many years. Their hands-on approach has removed future burdens from a potential buyer. The roof was replaced in 2018, and most recently, the parking lot was re-striped in July 2022 and several trees were trimmed in August 2022.

Exclusively Listed By

Financing By

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