Investment Overview

Earl Plaza offers attractive lease terms, with all tenants on net leases, recent renewals featuring strong annual rent increases, and new leasing momentum from four tenants who signed in 2024–2025. Currently 82% occupied, the property presents meaningful add-value potential through a 3,200 SF freestanding vacancy. Below-market rents, combined with several tenants lacking renewal options, create an opportunity to increase rents significantly in the near term. The center is positioned just off Lafayette’s prime retail corridors—Sagamore Pkwy N (23,797 VPD) and South St (25,601 VPD)—and is surrounded by new retail developments and major national tenants. Nearby, Lafayette Pavilions ranks in the top 5% of shopping centers nationwide by visits and attracts 5.1 million annual visitors. The trade area is both dense and expanding, with nearly 74,000 residents and more than 107,000 workers within three miles, and continued population growth projected.