Active
Excellent NNN Investment Garden Office Duplex
121 Rue Louis XIV Lafayette, LA 70508
1 / 6

Overview
Both Tenants are solid credit Doctor's offices
One long time tenant and One new tenant
Building is in great shape
Unit A
Doctors group Tenant
2 years left on lease
Paying $3,950/month NNN
Two 3yr renewal options (increases to $4,208.33 if option one is exercised, increases to $4,520.83 if option two is exercised)
Unit B
Doctors group
4 years left on lease
Paying $2,461.75/month NNN
One 1yr option (increases to $2,719.38 if exercised)
Expenses paid by owner (not passed thru) security cameras ($72 per year) and Termite prevention treatment ($335 per year)
For Sale
Investment
Office
- Sale Price
- $1,350,000
- Price Per SF
- $346.2/SF
- Cap Rate
- 5.67%
- Building Size
- 3,900 SF
- Acres
- 0.01 - 0.25 ac
- Zoning Description
- Commercial Mixed 1
- Net Operating Income
- $76,534
- Average Occupancy Rate
- 100%
- County
- Lafayette Parish
- Available
- 2025-09-17
- Created
- 2025-09-11
- Updated
- 2025-10-09
- Listing ID
- 195f0c09
- Parcel APN
- 6141689




