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West Willow Grocery-Anchored Shopping Center 215 W Willow St 100,264 SF 100% Leased 4-Star Retail Building Lafayette, LA 70501 $6,382,683 CAD ($63.66 CAD/SF) 8.75% Cap Rate
Investment Highlights
- Super 1 Foods is a Top Performing Location Nationwide | Rent-to-Sales Ratio of 0.64 Percent
- Attractive Cashflow at Desirable Cost Basis | 8.75% Cap Rate | $46/SF
- Located at the Southwest Corner of West Willow Street and Evangeline Thruway: Approximately 75,000 VPD
- Super 1 Foods is Committed to This Proven Location
- Property is 84 Percent Occupied by Credit Tenants: Super 1 Foods and dd’s Discounts
Executive Summary
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 $4,610,000 ($45.98 per square foot), which represents an 8.75 percent day one cap rate. The Offering is 100 percent economically occupied and 88 percent physically occupied. Suite 207 (8,450 square feet) and Suite 209 (3,200 square feet) are vacant, and the seller shall sign Master Leases at closing for those units for three years at a rental rate of $10 per square foot. The total Master Lease rent over the three-year term, in the amount of $349,500, shall be escrowed with Title, to guarantee the Buyer’s monthly receipt of Master Lease rent for Suites 207 and 209, or to be used as agreed to between Buyer and Seller, towards concessions to lease the unit(s) to new tenant(s). The 8.75 percent day one cap rate underwrites the rent payments made through the Master Lease.
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 $4,610,000 ($45.98 per square foot), which represents an 8.75 percent day one cap rate. The Offering is 100 percent economically occupied and 88 percent physically occupied. Suite 207 (8,450 square feet) and Suite 209 (3,200 square feet) are vacant, and the seller shall sign Master Leases at closing for those units for three years at a rental rate of $10 per square foot. The total Master Lease rent over the three-year term, in the amount of $349,500, shall be escrowed with Title, to guarantee the Buyer’s monthly receipt of Master Lease rent for Suites 207 and 209, or to be used as agreed to between Buyer and Seller, towards concessions to lease the unit(s) to new tenant(s). The 8.75 percent day one cap rate underwrites the rent payments made through the Master Lease.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
100,264 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1981/2023
Price
$6,382,683 CAD
Price Per SF
$63.66 CAD
Cap Rate
8.75%
NOI
$558,521 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.24
Lot Size
9.50 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
430 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
881’ on W Willow St
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Luxe Beauty Supply
- Retailer
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Luxe Beauty Supply | Retailer | - | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 207
- 8,424 SF
- Retail
- In-Line
- Now
- 209
- 3,200 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 207 | 8,424 SF | Retail | In-Line | Now |
| 209 | 3,200 SF | Retail | In-Line | Now |
207
| Size |
| 8,424 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
209
| Size |
| 3,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6020237 | Improvements Assessment | $316,332 CAD |
| Land Assessment | $171,884 CAD | Total Assessment | $488,216 CAD |
Property Taxes
Parcel Number
6020237
Land Assessment
$171,884 CAD
Improvements Assessment
$316,332 CAD
Total Assessment
$488,216 CAD
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West Willow Grocery-Anchored Shopping Center | 215 W Willow St
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