Office Space
5540 Johnston Street Lafayette, LA 70503

Details & Description

Price: $4,501,000

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.

Property ID: 254361
Property URL: melqr.com/254361
Generated: 04-28-24

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.

Office Space / Louisiana / Lafayette / 70503 / 5540 Johnston Street

5540 Johnston Street

Lafayette, LA 70503

Listing ID: 254361

Print Single-Page Version

5540 Johnston Street | for Sale | Thumbnail 1

5540 Johnston Street | for Sale | Thumbnail 2

5540 Johnston Street | for Sale | Thumbnail 3

Building Size: 7,844 SF

Lot Size: 2.000 AC

Land Size: 87,120 SF

Building $/SF: $573.81

Land $/SF: $51.66

Price

$4,501,000

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

Loan and Amortization Calculator

Listing Price

Down Payment

Loan Amount:

Interest Rate:

Term (months):

Your Monthly Payment

$0.00

Total Principal: --

Total Interest: --

Total Cost: --

Month	Payment	Principal	Interest	Total Interest	Balance
$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

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 Population		8,695	63,477	128,282
Population Median Age		37	39	38
Population by Age	0-9 Yrs	1069 (12%)	6925 (10%)	14460 (11%)
	10-19 Yrs	1173 (13%)	7501 (11%)	16292 (12%)
	20-29 Yrs	1364 (15%)	10474 (16%)	22061 (17%)
	30-39 Yrs	1219 (14%)	9572 (15%)	19614 (15%)
	40-49 Yrs	1384 (15%)	6906 (10%)	13932 (10%)
	50-59 Yrs	831 (9%)	7823 (12%)	16109 (12%)
	60-69 Yrs	935 (10%)	7963 (12%)	14810 (11%)
	70+ Yrs	721 (8%)	6312 (9%)	11003 (8%)

Median HH Income		$66,785	$60,920	$59,046
Total Household Income	< 24K	677 (20%)	5936 (22%)	11593 (22%)
	25-49K	630 (18%)	5168 (19%)	10761 (21%)
	50-74K	552 (16%)	4890 (18%)	8428 (16%)
	75-99K	497 (14%)	2874 (10%)	5758 (11%)
	100-199K	836 (24%)	5309 (20%)	10075 (19%)
	200K+	176 (5%)	2353 (8%)	4286 (8%)

Highest Education Level	No Diploma	271	3130	7879
	Diploma or GED	1543	10797	22965
	Some College	1430	9082	17573
	Assoc. Degree	375	2262	4363
	Bachelors Degree	1577	12896	23451
	Higher Degree	794	6501	11111

Total Housing Units		3,647	29,595	57,358
--Owner-Occupied		2,012	15,808	30,862
--Renter-Occupied		1,356	10,722	20,038
Owner-Occupied Values	< 100K	48	1037	3702
	100-199K	1155	6283	10946
	200-299K	546	4119	8252
	300-399K	98	1775	3532
	400-499K	55	882	1664
	500K+	111	1712	2766

Total Working Age Population		6,922	52,011	104,633
In Work Force		4,835	34,094	69,324
Not In Work Force		2,086	17,917	35,309
Workforce Employed		4,666	32,616	65,735
Workforce Unemployed		170	1,473	3,550
Civlian Workforce		4,835	34,089	69,285
Military Workforce		0	5	39

Total Households		3,368	26,529	50,900
Family Households		2,097	15,171	29,480
Non-Family Households		1,271	11,358	21,420
Married Couple		1,654	11,318	21,296
Other Family		443	3,853	8,183
Married w/Child		848	4,580	8,923
Single Male w/Child		34	520	1,032
Single Female w/Child		186	1,569	3,513

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Louisiana	4,468,976	+1	4,533,372	+1	4,588,310	+5	4,813,420
Acadia Parish	58,861	+5	61,773	-3	60,200	-1	59,590
Iberia Parish	73,266	0	73,240	+4	76,150	-1	75,450
Lafayette Parish	190,503	+16	221,578	-2	216,520	+2	221,600
Vermilion Parish	53,807	+8	57,999	+2	58,930	+2	60,150

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

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.

Common Questions and Answers

What is the asking price for 5540 Johnston Street in Lafayette?

The asking price for 5540 Johnston Street is $4,501,000

What is the building size of this Office property in Lafayette, LA?

The size of the building/unit at 5540 Johnston Street in Lafayette is 7,844 square feet

How much land does the Lafayette, LA property at 5540 Johnston Street include?

5540 Johnston Street in Lafayette includes 2.000 acres of land

What kind of Office is the propery at 5540 Johnston Street?

The property at 5540 Johnston Street Lafayette, LA 70503 is listed as a Medical Office property

What is the population within 1 mile of 5540 Johnston Street in Lafayette?

The population within 1 mile of 5540 Johnston Street Lafayette, LA 70503 is 8,695 people.

Who do I contact for questions about 5540 Johnston Street?

You should contact the listing agent, Brian Wolfman, for any details regarding this commercial listing.

Other Listings for Sale Nearby

Address	Price	Sq Ft	Acres
100 William O Stutes Street, Lafayette, LA	$202,500	1500	-
100 William O Stutes Street, Lafayette, LA	$275,000	1900	-
3639 Ambassador Caffery Parkway, Lafayette, LA	$4,450,000	93407	4.17
1700 Kaliste Saloom Road, Lafayette, LA	$275,000	1119	-
1103 Kaliste Saloom Road, 204, Lafayette, LA	$1,295,000	6316	0.5
214 Rue Louis XIV, Lafayette, LA	$1,300,000	12200	1.1
5000 Ambassador Caffery Parkway, Lafayette, LA	$1,450,000	5435	13.59
185 S Beadle Rd, Lafayette, LA	$465,000	2606	-
516 Verot School Road, Lafayette, LA	$615,000	5200	0.76
203b Energy Parkway, Lafayette, LA	$1,223,638	4954	-

Closest Commercial Airports

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