Back on Market | New Price 9.0% Cap | 100% Occupied

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30834854
Property Subtypes: Neighborhood Center, Strip Center
Building Size (RSF): 14,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.34 Acres
Sale Price: $1,833,333
Unit Price: $130.95 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Evangeline Shoppes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 9.0%
Average Occupancy Rate: 100
Last Updated: 2/24/2023

Overview / Comments


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 center is 100% occupied consisting of six tenants, all of which have excellent history at this location with some dating back to Year 2000. ALL tenants recently renewed and/or extended their respective leases. Five of the six tenants operate under NNN leases and are responsible for Taxes, Ins., CAM, and Mgmt./Admin fees. The property is professionally managed by local Mgmt Co.

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 prominent retailers surround the property including Home Depot, McDonald's, Planet Fitness, Hibbett Sports, Super 1 Foods, and Northgate Mall. Current ownership has taken excellent care of this property for many years. Their hands-on approach has removed future burdens from a potential buyer. Most recently, the roof was replaced in 2018, parking lot re-striped in July 2022, and several trees along the parking lot were trimmed in August 2022.


100% Occupied | Long-Term Tenants | Recent Extensions
Professionally Maintained | Excellent Condition | Roof Warranty thru 2033
Traffic Counts 50,000+ on NW Evangeline | Over 70,000 on I-10

***Please See Offering Memo Below***

***Contact Michael Derk w/ MMCC for Financing Options***

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: D
Tax ID/APN: 6108469
Traffic/Vehicle Count: 55,000
Highway Access: I-10 just 1.5 miles to the North
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1999
Parking Type: Surface
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,029 69,383 128,867
Median Age: 32.79 32.98 34.54
Households: 4,993 27,928 52,486


Photograph of Listing Agent

Steve Greer

Marcus & Millichap Baton Rouge, LA 70810
LACDB Member
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