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Mattress Firm & Shops | Strong Tenants 5702 Johnston St

17,785 SF 100% Leased Retail Building Lafayette, LA 70503 $4,506,000 ($253/SF) 8% Cap Rate

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Investment Highlights

100% Occupied | Recent Renewals | Options to Extend Below Market Rent | Value-Add Opportunity
Across From Acadiana Mall | Dense Retail Corridor |Nearby National/Credit Tenants

Excellent Visibility & Access | Frontage of Busy Street Outparcel to Arcadiana Square Shopping Center
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS Multi-Tenant Investments is pleased to present an opportunity to acquire the fee simple interest (land and building ownership) in Acadiana Square Outparcel—a fully occupied, junior-box shadow-anchored, street-front retail investment property in Lafayette, Louisiana. The property comprises four established tenants: Guitar Center, Vitamin Shoppe, Spirit Halloween, and State Farm Insurance. Notably, Guitar Center recently exercised a five-year extension option, with one additional five-year option still available. Vitamin Shoppe has operated on-site for over a decade and recently renewed its lease. The offering also includes potential upside through re-leasing the space currently occupied by the seasonal tenant, Spirit Halloween, and converting the lease structure to NNN.