For Auction
Asset Snapshot
Offering Summary
Grand Marche Shopping Center
Value-Add Retail Opportunity
RealINSIGHT Marketplace and Beau Box Commercial Real Estate are pleased to offer the opportunity to acquire Grand Marche Shopping Center (the “Property” or “Properties”), a 92,153-sf retail center located in Lafayette, LA. As of July 2018, the Property is 33.95% occupied by an attractive mixture of both national and local tenants.
INVESTMENT HIGHLIGHTS
Diverse Tenant Mix – Tenants include Firestone, Dollar General, Anytime Fitness, Hardy’s Cleaners, Subway, Enchanted Nails and Pizza Hut.
Excellent Location – Located at the corner of Johnston Street and Camellia Boulevard, a major retail corridor in Lafayette.
Grand Marche is a multi-use center located in a major retail corridor in Lafayette, Louisiana. This prime location consists of 11.21 fee simple acres, a large multi-tenant building, one freestanding multi-tenant outparcel building on 1.361 acres with a ground lease, a 90,000 SF expansion pad with excellent visibility and 3.38 acres paved parking field with a ground lease. Tenants include Firestone, Dollar General, Anytime Fitness, Hardy’s Cleaners, Subway, Enchanted Nails and Pizza Hut. The property offers 492 parking spaces with multiple points of ingress and egress.
Lafayette is the dominant retail destination for the Acadiana area that includes the following seven parishes: Lafayette, St. Landry, Acadia, St. Martin, Vermilion and Iberia. Grand Marche sits at the corner of Johnston Street and Camellia Boulevard in the heart of Lafayette and gateway to south Lafayette, where many national retailers have located. Including, Costco, Whole Foods, Academy Sports and Outdoors, Dick’s Sporting Goods, just to name a few.
Due Diligence
Cooperating Broker Fee
Eligible brokers may receive a 0.50% fee when representing the winning bidder.
Learn more in the FAQsPlatform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
How it Works
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
