329 Pont Des Mouton RdLafayette, LA 70507

Property Details for 329 Pont Des Mouton Rd

Lot size

1.49 AC

Property type

Office properties

Property subtype

Other office properties

APN

6150065

APU

6150065

Description

This exceptional investment opportunity features a 1,829 square foot Class A bank building in Lafayette, LA, on a 1.49-acre lot. The property boasts a strong 6.10% cap rate and a long-term NNN lease with Hancock Whitney Bank, a credit-rated tenant, extending until November 12, 2033. The lease commenced November 12, 2018, and includes rent bumps tied to the CPI with a 3% cap, beginning in year 11 and each subsequent option period. Two, five-year lease options are included. The building, constructed in 2018, is situated in a high-traffic area with excellent visibility, benefiting from over 11,800 vehicles passing daily. Its location near I-49, the Reserve at Couret Farms, and other national retailers like Target and Academy Sports + Outdoors ensures strong customer traffic and a stable investment. The property's Net Operating Income (NOI) is $184,428, with a sale price of $3,023,402 and a price per square foot of $1,653.04. The property is zoned C-1 and offers a fee-simple ownership structure with minimal landlord responsibilities. This single-tenant, single-story building presents a secure and lucrative investment opportunity in a thriving Lafayette, Louisiana market with a population exceeding 75,000 residents and 50,000 employees in the trade area. The asking price reflects a compelling value proposition for investors seeking a stable, high-yield asset.

• CAP approach

  CAP return

  Valuation

  6%

  $8,893,573

  6.5%

  $8,209,452

  7%

  $7,623,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,259,048

  Geo Method

  $19,431,608

• Alternative Use

  Use

  Valuation

  Residential

  $10,179,720

  Hospitality

  $9,324,569

  Educational

  $7,757,932

  Medical

  $8,024,739

  Retail

  $12,067,894

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.2732

Longitude

-92.0263

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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