Office Space - For Sale
5540 Johnston Street Lafayette, LA 70503
Details & Description
Price: $4,501,000
  • Property Type Office for Sale : Medical
  • Lot Size Acres 2.000
  • Building Sq Ft 7,844
  • Building Price per Sq Ft $573.81
  • Land Sq Ft 87,120
  • Land Price per Sq Ft $51.66
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, NNN leased, 100% occupied, freestanding investment property located in Lafayette, Louisiana. The tenant lineup consists of Aspen Dental and Stanton Optical. Aspen Dental has approximately 7 years remaining in their initial term with 3 (5-year) options to extend. The other tenant, Stanton Optical, has more than 7 years remaining in their initial term with 2 (5-year) options to extend. Both leases feature a 10% rental increase in 2023 and at the beginning of each option period, growing NOI and hedging against inflation. The leases are NNN, reducing expense leakage for a new investor.
Listing Agents
Brian Wolfman

O: 949-270-8210
brian.wolfman@srsre.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

5540 Johnston Street

Lafayette, LA 70503

Listing ID: 254361
$4,501,000
For Sale
  • Property Type Office for Sale : Medical
  • Lot Size Acres 2.000
  • Building Sq Ft 7,844
  • Building Price per Sq Ft $573.81
  • Land Sq Ft 87,120
  • Land Price per Sq Ft $51.66
  • 5540 Johnston Street Lafayette, LA 70503 | for Sale | Photo 1
  • 5540 Johnston Street Lafayette, LA 70503 | for Sale | Photo 2
  • 5540 Johnston Street Lafayette, LA 70503 | for Sale | Photo 3
5540 Johnston Street | for Sale | Thumbnail 1
5540 Johnston Street | for Sale | Thumbnail 2
5540 Johnston Street | for Sale | Thumbnail 3
Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, NNN leased, 100% occupied, freestanding investment property located in Lafayette, Louisiana. The tenant lineup consists of Aspen Dental and Stanton Optical. Aspen Dental has approximately 7 years remaining in their initial term with 3 (5-year) options to extend. The other tenant, Stanton Optical, has more than 7 years remaining in their initial term with 2 (5-year) options to extend. Both leases feature a 10% rental increase in 2023 and at the beginning of each option period, growing NOI and hedging against inflation. The leases are NNN, reducing expense leakage for a new investor.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Lafayette History of Office Space for Sale

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Lafayette Area Market Trends

Listing Demographics for 5540 Johnston Street Lafayette, LA 70503

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population8,69563,477128,282
Population Median Age373938
Population by Age0-9 Yrs1069 (12%)6925 (10%)14460 (11%)
10-19 Yrs1173 (13%)7501 (11%)16292 (12%)
20-29 Yrs1364 (15%)10474 (16%)22061 (17%)
30-39 Yrs1219 (14%)9572 (15%)19614 (15%)
40-49 Yrs1384 (15%)6906 (10%)13932 (10%)
50-59 Yrs831 (9%)7823 (12%)16109 (12%)
60-69 Yrs935 (10%)7963 (12%)14810 (11%)
70+ Yrs721 (8%)6312 (9%)11003 (8%)
Median HH Income$66,785$60,920$59,046
Total Household Income< 24K677 (20%)5936 (22%)11593 (22%)
25-49K630 (18%)5168 (19%)10761 (21%)
50-74K552 (16%)4890 (18%)8428 (16%)
75-99K497 (14%)2874 (10%)5758 (11%)
100-199K836 (24%)5309 (20%)10075 (19%)
200K+176 (5%)2353 (8%)4286 (8%)
Highest Education LevelNo Diploma27131307879
Diploma or GED15431079722965
Some College1430908217573
Assoc. Degree37522624363
Bachelors Degree15771289623451
Higher Degree794650111111
Total Housing Units3,64729,59557,358
--Owner-Occupied2,01215,80830,862
--Renter-Occupied1,35610,72220,038
Owner-Occupied Values< 100K4810373702
100-199K1155628310946
200-299K54641198252
300-399K9817753532
400-499K558821664
500K+11117122766
Total Working Age Population6,92252,011104,633
In Work Force4,83534,09469,324
Not In Work Force2,08617,91735,309
Workforce Employed4,66632,61665,735
Workforce Unemployed1701,4733,550
Civlian Workforce4,83534,08969,285
Military Workforce0539
Total Households3,36826,52950,900
Family Households2,09715,17129,480
Non-Family Households1,27111,35821,420
Married Couple1,65411,31821,296
Other Family4433,8538,183
Married w/Child8484,5808,923
Single Male w/Child345201,032
Single Female w/Child1861,5693,513

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Louisiana4,468,976+14,533,372+14,588,310+54,813,420
Acadia Parish58,861+561,773-360,200-159,590
Iberia Parish73,266073,240+476,150-175,450
Lafayette Parish190,503+16221,578-2216,520+2221,600
Vermilion Parish53,807+857,999+258,930+260,150

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Lafayette Regional Airport (LFT) 6
Louis Armstrong New Orleans International Airport (MSY) 109
Monroe Regional Airport (MLU) 161