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