Fully Leased Outparcel Pad in New Iberia

Investment Overview

Faris Lee Investments and SRSA Commercial Real Estate, Inc. is pleased to offer for sale the fee simple interest (Land & Building) to a 100% leased, freestanding, 3-tenant NNN outparcel pad building in New Iberia, Louisiana. All three tenants signed brand-new long-term leases in 2023, with options to extend the term.

The subject property is strategically located in New Iberia, Louisiana, with a population of over 27,000. The Shops are an outparcel to a regional shopping center with strong anchors: Hobby Lobby, Rouses Market, and Ross Dress for Less. Tenants within the immediate trade area include Walmart, TJ Maxx, PetSmart, and Five Below.

Download Offering Memorandum.

Investment Highlights

• • Tenants: Mattress Firm, Verizon, Zeus Mediterranean
• • South Lewis: over 23,000 VPD
• • Admiral Doyle Dr: over 21,000 VPD
• • Population over 74,000 people within a ten-mile radius.