Barnes & Noble - Lafayette, LA

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Pricing and Location


Price:   $5,106,250

Address:   5705 Johnston Street, Lafayette, LA 70503

Status:   Available

Property Details


CAP Rate: 8.00% Year Built: 1995
Net Rentable Area: 30,000
Lot Size (Acres): 3.43 NOI: $408,500

Marketing Materials


Property Description


(File photo above) The original lease that commenced in 1995, was 16 years in length and expired 4/2011. The Tenant signed an Amendment extending the lease thru January 2017, and then exercised another option in February 2017, extending the lease again thru January 2022. Two remaining options in place, and if exercised will expire in totality in January 2032.

Area Map and Street View


What Clients Are Saying                                     
 

"I want to thank for your part in helping us achieve our sale leaseback goals for 2009. We are pleased with the balance you helped us achieve between sales price, rent and overall cap rate. I would not hesitate to recommend you and your firm to other potential clients. Feel free to use me as a reference."
Joe Cirelli/The Pep Boys Manny, Moe & Jack

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557