Albertsons: Lafayette, LA
Retail | 9.00% CAP | 74,493 SqFt
Marketing description
Albertsons is located at the signalized intersection of Ambassador Caffery Parkway (39,609 VPD) and West Congress Street (32,341 VPD), where it is less than 4 miles south of Interstate 10 (75,978 VPD). Albertsons’ absolute NNN lease features ±4.4 years of term remaining with six, 5-year renewal options.
Investment highlights
Absolute NNN Lease: Albertsons’ absolute NNN lease features ±4.4 years of term remaining with six, 5-year renewal options.
Prime Location & Visibility: The property is located at the signalized intersection of Ambassador Caffery Parkway (39,609 VPD) and West Congress Street (32,341 VPD), where it is less than 4 miles south of Interstate 10 (75,978 VPD).
Strategic Location: Albertsons anchors a shopping center that is also home to Church’s Texas Chicken, Subway, Saigon Noodles, CC’s Coffee House, Asian Palace Buffet & Grill, Soul Haus Kitchen, Omega Dentistry, and Circle K.
Robust Retail & Commercial Corridor: In total, there are 13.7 MSF of retail, 9.3 MSF of office, 6.5 MSF of industrial, 15,500+ multifamily units, and 3,900+ hotel rooms within a 5-mile radius. Major traffic drivers in the surrounding area include the Ochsner Lafayette General Orthopedic Hospital (100+ Beds), the 1 MSF Acadiana Mall (Dillard’s, JCPenney, CubeSmart Self Storage), Walmart Supercenter, Sam’s Club, Home Depot, Lowe’s Home Improvement, Hobby Lobby, T.J. Maxx, Best Buy, and PetSmart, among others.
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