3754 Moss StLafayette, LA 70507

Property Details for 3754 Moss St

Year built

1998

Lot size

2.37 AC

Property size (Sq ft)

11,200 SF

Property type

Other commercial real estate

APN

6104820

APU

6104820

Description

This exceptional investment opportunity presents a 10,908 square foot CVS Pharmacy located at 3754 Moss St, Lafayette, LA 70507. The property boasts a strong 6.45% cap rate and a substantial net operating income (NOI) of $227,253, supported by a 9.3-year remaining lease term on an absolute NNN lease, providing passive ownership with no landlord responsibilities. The property benefits from a prime location on a major retail corridor with approximately 20,000 vehicles passing daily, high visibility, and convenient access to Interstate-10. CVS, a publicly traded company (NASDAQ: CVS), provides a corporate guarantee for the lease. The tenant has a long-term operating history at this location, having recently extended their lease in 2018. Lafayette is Louisiana's third-largest MSA, experiencing consistent growth projected at 4.5% over the next five years. The property's strategic location is further enhanced by its proximity to numerous national retailers, residential communities, and schools, creating a strong synergy and consistent customer flow. Nearby developments, including the Ambassador Town Center and Cypress Trails Apartments, are expected to further boost local traffic and economic growth, increasing the property's long-term value. The asking price is $3,526,000. The building, constructed in 1998, is a single-story structure with 100% occupancy. Sales figures are available upon request.

• Alternative Use

  Use

  Valuation

  Residential

  $1,756,591

  Hospitality

  $1,609,028

  Educational

  $1,338,692

  Medical

  $1,384,732

  Retail

  $2,082,410

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.2725

Longitude

-92.0074

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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