For Sale $295,000
Property Type Retail - Freestanding
Property Size 2,670 SF
Lot Size 0.54 Acre
Additional Rent Contact for pricing
Date Updated Nov 14, 2024

-Now available for sale, this standalone retail building at 300 E Simcoe St represents an excellent investment opportunity in Downtown Lafayette. The property spans ±2,670 SF on a ±0.54-acre lot and is currently leased, offering a 6.7% cap rate with four years remaining on the lease. Positioned along the bustling Evangeline Thwy, it boasts frontage to both directions of traffic, capturing the attention of ±38,718 vehicles per day. With a net operating income (NOI) of $19,800, this property is a prime choice for investors seeking an affordable retail opportunity on a high-traffic count highway.

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Highlights

Leased retail property offered at 6.7% Cap Rate
NOI of $19,800
Four years remaining on Lease
Quadruple frontage between Evangeline Thwy, E Simcoe St, and E 2nd St

Contacts

Braxton Hudnall

ELIFIN®

Location

Getting Around

Walk Score ®
81/100 Very Walkable
Bike Score ®
73/100 Very Bikeable

Map
Street

City Lafayette, LA
Zip Code 70501
Market Lafayette Lake Charles

Points of Interest

Lafayette

0.28 miles
Acadiana Courier Tux & Limo

3.02 miles

Exxon

1.01 miles
Tobacco Plus

1.06 miles
Valero

1.23 miles
Shell

1.29 miles
ChargePoint

1.30 miles
Chevron

1.38 miles
Speedway

1.43 miles
RaceTrac

2.66 miles
Tesla Supercharger

2.76 miles
Sunoco

2.91 miles

Parking Garage

0.51 miles
Lafayette Regional Airport Parking Lot

1.89 miles
Nature Station Visitor Parking

2.27 miles
Temporary Nature Station Preserve and Trails Parking

2.33 miles
The Bayou Church Parking

4.94 miles
Lake Martin North Car Park

5.94 miles
Lake Martin Visitor Center Parking

7.04 miles
Copperfield Estates/South & the Village pool

8.40 miles

Dwyer's Cafe

0.36 miles
La Carreta

0.38 miles
Tsunami

0.40 miles
Hideway on Lee

0.47 miles
Don's Downtown Seafood and Steaks

0.48 miles
Taco Sisters

0.52 miles
The French Press

0.53 miles
Agave

0.54 miles
Vestal Restaurant

0.54 miles
Bonnie Bells

0.70 miles

Super 1 Foods

0.93 miles
Shoppers Value Foods

1.15 miles
Rouse's

2.38 miles
JCPenney

2.48 miles
Ross

2.56 miles
Target

2.61 miles
Bismillah Groceries and Kitchen

2.67 miles
ALDI

2.77 miles
Walmart Supercenter

3.68 miles
Albertsons

4.25 miles

Frequently Asked Questions

How much does Net Leased Retail Property on Evangeline Thwy cost?

The space currently listed for sale at Net Leased Retail Property on Evangeline Thwy asks for $295,000.

What is the total square footage of Net Leased Retail Property on Evangeline Thwy?

Net Leased Retail Property on Evangeline Thwy totals 2,670 square feet.

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