300 Simcoe StLafayette, LA 70501

Property Details for 300 Simcoe St

Lot size

0.02 AC

Property type

Land

Property subtype

Commercial land

APN

6148613

APU

6148613

Description

This exceptional net-leased retail storefront, located at 300 E Simcoe St in Lafayette, Louisiana, presents a compelling investment opportunity. The property boasts a substantial 2,670 square feet situated on a 0.54-acre lot, offering significant visibility and accessibility. Currently 100% occupied under a single-tenant NNN lease with four years remaining, the property generates a strong net operating income (NOI) of $19,800, translating to a 6.71% capitalization rate. The asking price is $295,000, or $110.49 per square foot. Benefiting from a prime location along Evangeline Thwy, the building enjoys quadruple frontage, maximizing exposure to the approximately 38,718 vehicles that traverse this busy thoroughfare daily. This turnkey investment is ideal for buyers seeking a stable, high-return retail asset in a thriving Louisiana market. The property's strong tenant occupancy and favorable lease terms provide a secure and predictable income stream. The location offers excellent visibility and accessibility, ensuring consistent customer traffic. This is a rare opportunity to acquire a well-positioned retail property with a proven track record of success. The property's size and configuration make it suitable for a variety of retail uses. The strong NOI and cap rate make this an attractive investment for both seasoned and new investors. The 0.54-acre lot provides ample space for potential future expansion or development. This property offers a unique blend of stability, profitability, and growth potential.

• Alternative Use

  Use

  Valuation

  Residential

  $159,819

  Hospitality

  $146,394

  Educational

  $121,798

  Medical

  $125,987

  Retail

  $189,463

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.2309

Longitude

-92.0136

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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