Fully Leased Outparcel Pad in New Iberia
New Iberia, LA
Property Details
900 E Admiral Doyle Dr, New Iberia, LA 70560
- Transaction Type For Sale
- Property Type Investment
- Price $3,444,000
- Cap Rate 7.50%
- Est. Rentable SF 7,572 SF
- Lot Size (AC) 11.67
- Zoning C-4 Hwy Commercial
- Parking 97 spaces
- Year Built 2023
Faris Lee Investments and SRSA Commercial Real Estate, Inc. is pleased to offer for sale the fee simple interest (Land & Building) to a 100% leased, freestanding, 3-tenant NNN outparcel pad building in New Iberia, Louisiana. All three tenants signed brand-new long-term leases in 2023, with options to extend the term.
The subject property is strategically located in New Iberia, Louisiana, with a population of over 27,000. The Shops are an outparcel to a regional shopping center with strong anchors: Hobby Lobby, Rouses Market, and Ross Dress for Less. Tenants within the immediate trade area include Walmart, TJ Maxx, PetSmart, and Five Below.
• Tenants: Mattress Firm, Verizon, Zeus Mediterranean
• South Lewis: over 23,000 VPD
• Admiral Doyle Dr: over 21,000 VPD
• Population over 74,000 people within a ten-mile radius.
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