Lafayette, LA - Dutch Bros
$2,991,000
5711 Johnston Street, Lafayette, LA 70503
5.65
Cap Rate
169,000
NOI
Details:
Description:
• Located along Johnston Street / US Highway 167 (36,000 VPD), Lafayette’s primary retail corridor, at the signalized Sears Drive entrance to Acadiana Mall, with immediate access to Ambassador Caffery Parkway (51,100 VPD) and Town Center Parkway
• Positioned between T-Mobile and My Salon Suite, with Dairy Queen, Best Buy, Hobby Lobby, Michaels and Texas Roadhouse across Johnston Street
• Adjacent to Acadiana Mall (994,000 SF), which draws 2.1 million annual visits (per Placer.ai) as the only enclosed mall within 65 miles, anchored by Dillard’s and JCPenney with H&M, Barnes & Noble, Victoria’s Secret and Foot Locker
• Directly across from Acadiana Square, a 245,000 SF power center with T.J. Maxx, Burlington, Ollie’s, Five Below, PetSmart and Shoe Carnival
• Surrounded by national and credit tenants including Walmart Supercenter, Sam’s Club, Lowe’s, Home Depot, Floor & Decor, World Market, Planet Fitness, CarMax, Chick-fil-A and Burger King
• Nearby demand generators include Our Lady of Lourdes Regional Medical Center (396 beds), Ochsner Lafayette General Medical Center (516 beds), University of Louisiana at Lafayette (13,828 students), Lafayette Regional Airport (600,000 passengers) and 900+ apartment units, including Peppertree (304 units), The Greystone (276 units), Chateau Des Lions (180 units) and Robley Place (148 units)
Location
Gallery