The Boulevard

Marcus & Millichap is pleased to present The Boulevard. This property is located at 100 Arnould Boulevard in Lafayette, Louisiana at the signalized intersection of Johnston Street and Arnould Boulevard (32,700+ vehicles per day). Its valuation is $7,400,000, which is a 9.49 percent cap rate on its individual NOI. The Boulevard’s gross leasable area is 68,012 square feet, which results in a $108.80 price per square foot. This shopping center is situated on a 5.17-acre parcel. An investor may add value by leasing 2,791 square feet of vacancies. A buyer may add further upside by raising the center’s below-market rents. Nearby retail asking rates are $17 per square foot plus triple nets. Base rents average $10.50 per square foot.