Net Leased Retail Property on Evangeline Thwy

For Sale

300 E Simcoe St, Lafayette, LA 70501

This Lafayette property for sale is located at 300 E Simcoe St. The current listed sale price for Net Leased Retail Property on Evangeline Thwy is $332,000. Net Leased Retail Property on Evangeline Thwy is situated on a lot that is 0.54 acre in size.

Contacts

broker

Braxton Hudnall

ELIFIN®

Property Details

  • Property Type Retail - Freestanding
  • Property Size 2,670 SF
  • Lot Size 0.54 Acre
  • Additional Rent Contact for pricing
  • Date Updated Aug 28, 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% 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% Cap Rate
  • NOI of $19,800
  • Four years remaining on Lease
  • Quadruple frontage between Evangeline Thwy, E Simcoe St, and E 2nd St

Getting around

  • 81/100

    Walk Score ®

  • 73/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lafayette, LA
  • Neighborhood Lafayette
  • Zip Code 70501
  • Market Lafayette Lake Charles

Points of Interest

  • 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

  • Shell

    1.48 miles

  • Tesla Supercharger

    2.76 miles

  • Sunoco

    2.91 miles

  • Murphy Express

    2.97 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

  • Dwyer's Cafe

    0.36 miles

  • La Carreta

    0.38 miles

  • Tsunami

    0.40 miles

  • Don's Downtown Seafood and Steaks

    0.48 miles

  • Taco Sisters

    0.52 miles

  • The French Press

    0.53 miles

  • Agave Mexican Cantina & Grill: Downtown

    0.54 miles

  • Bonnie Bells

    0.70 miles

  • Carpe Diem

    0.71 miles

  • Artmosphere

    0.74 miles

  • Super 1 Foods

    0.92 miles

  • Shoppers Value Foods

    1.15 miles

  • Rouse's

    2.38 miles

  • Bismillah Groceries and Kitchen

    2.67 miles

  • Walmart Supercenter

    3.68 miles

  • Albertsons

    4.35 miles

  • Piggly Wiggly

    4.48 miles

  • Walmart Supercenter

    4.92 miles

  • Super 1 Foods

    5.07 miles

  • Burlington

    5.19 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Braxton Hudnall

ELIFIN®