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21193434
21193442

111 Westgate Rd, Lafayette, LA 70506

JL
LA BROK.995682229-ACT
SCOUT Real Estate Company
SCOUT Real Estate Company
Listed by SCOUT Real Estate Company
$3,900,000
515 days on market
Updated 48 days ago

111 Westgate Rd - Commercial Investment Opportunity

Details
APN 6042006
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 15,381
Cap Rate 6.45%
NOI $267,258
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 01/31/2031
Remaining Term 4.7
Class B
Year Built 2006
Buildings 1
Stories 1
Acreage 1.955
Zoning CM-1
Parking Spaces spaces
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 12/22/2005

Rare and exceptional opportunity to invest in a corporate-guaranteed triple-net (NNN) lease

Marketing description

This is a rare and exceptional opportunity to invest in a corporate-guaranteed triple-net (NNN) lease property, offering the security and stability of a premium national tenant.

Located at 111 Westgate Rd, Lafayette LA 70506, this property is strategically placed in a prime commercial area, adjacent to the highly anticipated West Village Traditional Neighborhood Development (TND).

Situated in the thriving West Lafayette Parish Commercial Corridor, this investment benefits from strong economic growth, increased consumer traffic, and long-term value appreciation.

With its superior location and robust tenant profile, this property represents a compelling addition to any real estate investment portfolio.

Investment highlights

Heavy traffic count: +/- 15,000 cars per day

Surrounded by national retailers: Walgreens, O’Reilly’s, Autozone, First Horizon and more

Absolute NNN Lease

Large 1.9 acre lot with drive-thru pharmacy

Seller will escrow funds to buyer at closing equivalent to rent holiday.

Listing Contacts

JL
LA BROK.995682229-ACT
SCOUT Real Estate Company
SCOUT Real Estate Company
Listed by SCOUT Real Estate Company

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$267,258.00
$22,271.50/mo

Valuation Metrics

0
DSCR
6.85%
Cap Rate
6.85%
ROI

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Additional Information

Name
Jeff Landry
License
BROK.995682229-ACT
Brokerage
Scout Real Esate
Brokerage Phone
337-443-0880
Title
Owner
Brokerage Address
617 South Buchanan Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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