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124-128 Arnould Blvd
Lafayette, LA 70506
Retail Property For Sale
Executive Summary
98% Occupied Shopping Center in Major College Town
Well-Established Tenants Including Harbor Freight Tools, Dollar Tree, Golfballs.com, and Piccadilly Restaurant, with an average tenure of over 26 years.
80% National Tenancy – Stable, Long-Term Income Stream with National Credit Backing, Offering Security for The Next Ownership Cycle.
High-Traffic Location on Johnson St. – Accessing 46,207 VPD & Connecting Downtown Lafayette and the University of Louisiana.
Harbor Freight ranked #3 out of 30 Louisiana locations by Placer.ai, placing it in the top 20% nationwide.
Dense, Growing Demographics – 136,560 people within a 5-mile radius & Average Household Income of $80,513
Adjacent to Lafayette High School (1,852 students) and just 2 miles from the University of Louisiana campus, employing 2,200+ and serving 19,200 students.
Well-Established Tenants Including Harbor Freight Tools, Dollar Tree, Golfballs.com, and Piccadilly Restaurant, with an average tenure of over 26 years.
80% National Tenancy – Stable, Long-Term Income Stream with National Credit Backing, Offering Security for The Next Ownership Cycle.
High-Traffic Location on Johnson St. – Accessing 46,207 VPD & Connecting Downtown Lafayette and the University of Louisiana.
Harbor Freight ranked #3 out of 30 Louisiana locations by Placer.ai, placing it in the top 20% nationwide.
Dense, Growing Demographics – 136,560 people within a 5-mile radius & Average Household Income of $80,513
Adjacent to Lafayette High School (1,852 students) and just 2 miles from the University of Louisiana campus, employing 2,200+ and serving 19,200 students.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
68,012 SF
Building Class
B
Year Built/Renovated
1975/1994
Price
$11,829,450 CAD
Price Per SF
$173.93 CAD
Cap Rate
8.48%
NOI
$1,003,361 CAD
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
5.17 AC
Parking
283 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 6053097 | Improvements Assessment | $493,914 CAD |
| Land Assessment | $235,182 CAD | Total Assessment | $729,096 CAD |
Property Taxes
Parcel Number
6053097
Land Assessment
$235,182 CAD
Improvements Assessment
$493,914 CAD
Total Assessment
$729,096 CAD
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