Retail Space
1907 West Pinhook Road Lafayette, LA 70508
Details & Description
Price: $1,833,000
    • More than 9 years remaining on the lease with 4 (5-year) options to extend, demonstrating their commitment to the site• Lease is signed by Starbucks Corporation, the world’s largest coffeehouse chain and an investment grade tenant (S&P: BBB+)• Features a 6.4% rental increase in October 2023, 4% increase in October 2025, and 10% increases at the beginning of each option period, generating NOI and hedging against inflation• Tenant pays for taxes, insurance, and most CAM• Landlord responsibilities limited to roof, structure, parking lot, utility systems (includes HVAC), and landscaping• Investor benefits from fee-simple ownership of the building and land• Lease does not include COVID-19 abatement language
    Property ID:    254774
    Property URL: melqr.com/254774
    Generated:    04-26-24
    Listing Agents
    Eric Suffoletto

    O: 617-379-7327
    M: 508-272-0585
    eric.suffoletto@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.
    Retail Space / Louisiana / Lafayette / 70508 / 1907 West Pinhook Road

    1907 West Pinhook Road

    Lafayette, LA 70508

    Listing ID: 254774
    Print Single-Page Version
    • 1907 West Pinhook Road Lafayette, LA 70508 | for Sale | Photo 1
    • 1907 West Pinhook Road Lafayette, LA 70508 | for Sale | Photo 2
    1907 West Pinhook Road | for Sale | Thumbnail 1
    1907 West Pinhook Road | for Sale | Thumbnail 2
    Building Size: 2,003 SF
    Lot Size: 0.500 AC
    Land Size: 21,780 SF
    Building $/SF: $915.13
    Land $/SF: $84.16
    Price
    $1,833,000
    Description

    • More than 9 years remaining on the lease with 4 (5-year) options to extend, demonstrating their commitment to the site

    • Lease is signed by Starbucks Corporation, the world’s largest coffeehouse chain and an investment grade tenant (S&P: BBB+)

    • Features a 6.4% rental increase in October 2023, 4% increase in October 2025, and 10% increases at the beginning of each option period, generating NOI and hedging against inflation

    • Tenant pays for taxes, insurance, and most CAM

    • Landlord responsibilities limited to roof, structure, parking lot, utility systems (includes HVAC), and landscaping

    • Investor benefits from fee-simple ownership of the building and land

    • Lease does not include COVID-19 abatement language

    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 Retail Space for Sale

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    Lafayette Area Market Trends

    Listing Demographics for 1907 West Pinhook Road Lafayette, LA 70508

    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 Population4,96858,307139,047
    Population Median Age443938
    Population by Age0-9 Yrs407 (8%)5579 (9%)16155 (11%)
    10-19 Yrs477 (9%)6880 (11%)17945 (12%)
    20-29 Yrs675 (13%)11056 (18%)23358 (16%)
    30-39 Yrs561 (11%)8298 (14%)20182 (14%)
    40-49 Yrs542 (10%)5668 (9%)14999 (10%)
    50-59 Yrs653 (13%)7515 (12%)17474 (12%)
    60-69 Yrs1067 (21%)7586 (13%)16631 (11%)
    70+ Yrs586 (11%)5726 (9%)12303 (8%)
    Median HH Income$63,519$55,491$53,932
    Total Household Income< 24K460 (21%)5627 (23%)14104 (25%)
    25-49K456 (20%)5262 (22%)11831 (21%)
    50-74K382 (17%)3936 (16%)9329 (16%)
    75-99K229 (10%)2410 (10%)5734 (10%)
    100-199K429 (19%)4042 (17%)9828 (17%)
    200K+221 (10%)2275 (9%)4112 (7%)
    Highest Education LevelNo Diploma297336110224
    Diploma or GED907956725532
    Some College744750518406
    Assoc. Degree9515224180
    Bachelors Degree12291181623932
    Higher Degree541614011533
    Total Housing Units2,48126,80062,042
    --Owner-Occupied1,49713,55732,288
    --Renter-Occupied6799,99522,649
    Owner-Occupied Values< 100K4711154460
    100-199K309452511996
    200-299K50537648182
    300-399K24716873524
    400-499K1768811589
    500K+21515852537
    Total Working Age Population4,21649,580112,524
    In Work Force2,75231,85372,802
    Not In Work Force1,46517,72739,722
    Workforce Employed2,56929,89068,826
    Workforce Unemployed1821,9503,945
    Civlian Workforce2,75231,84072,772
    Military Workforce01330
    Total Households2,17723,55254,937
    Family Households1,36112,21831,740
    Non-Family Households81611,33423,196
    Married Couple1,0368,73921,781
    Other Family3253,4799,959
    Married w/Child2733,2188,416
    Single Male w/Child11219987
    Single Female w/Child1501,5014,496

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Louisiana4,468,976+14,533,372+14,588,310+54,813,420
    Iberia Parish73,266073,240+476,150-175,450
    Lafayette Parish190,503+16221,578-2216,520+2221,600
    St. Martin Parish48,583+752,160+655,520+357,000
    Vermilion Parish53,807+857,999+258,930+260,150

    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 1907 West Pinhook Road in Lafayette?
    The asking price for 1907 West Pinhook Road is $1,833,000
    What is the building size of this Retail property in Lafayette, LA?
    The size of the building/unit at 1907 West Pinhook Road in Lafayette is 2,003 square feet
    How much land does the Lafayette, LA property at 1907 West Pinhook Road include?
    1907 West Pinhook Road in Lafayette includes 0.500 acres of land
    What kind of Retail is the propery at 1907 West Pinhook Road?
    The property at 1907 West Pinhook Road Lafayette, LA 70508 is listed as a Food Service Retail property
    What is the population within 1 mile of 1907 West Pinhook Road in Lafayette?
    The population within 1 mile of 1907 West Pinhook Road Lafayette, LA 70508 is 4,968 people.
    Who do I contact for questions about 1907 West Pinhook Road?
    You should contact the listing agent, Eric Suffoletto, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Lafayette Regional Airport (LFT) 2
    Louis Armstrong New Orleans International Airport (MSY) 106
    Monroe Regional Airport (MLU) 160
    Price
    $1,833,000
    Listing Agent
    Eric Suffoletto - CRE Agent at

    Eric Suffoletto

    SRS Boston

    VIEW AGENT PROFILE

    CONTACT AGENT

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