Investment Overview

Marcus & Millichap is pleased to exclusively list for sale West Willow Grocery-Anchored Shopping Center, a grocery-anchored retail center with 100,264 square feet of leasable area, located at 215 West Willow Street in Lafayette, Louisiana. West Willow Shopping Center is located at the southwest corner of West Willow Street and Evangeline Thruway, seeing approximately 75,000 vehicles per day. This intersection is an important retail hub in its submarket, evidenced by the property’s anchor tenant, Super 1 Foods, which ranks in the top 89 percent of foot traffic for locations nationwide, according to Placer AI. The subject property’s co-anchor, dd’s Discounts, ranks in the top 75 percent of locations in Louisiana for foot traffic, according to Placer AI. West Willow Shopping Center is offered at a price of $4,200,000 ($41.89 per square foot), which represents an 6.83 percent day one cap rate at 88 percent occupancy. An investor could add value by leasing the vacant space, which would result in a pro forma cap rate of 10.61 percent.