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2822 Ambassador Caffery Pkwy, Lafayette, LA, 70506

Walgreens
$3,937,500

Key Information

Cap Rate
8%
$ per SF
$260
Tot. SF
15,120
Year Built
2003
Term Remaining
±6.67 YRS
Type
Retail

Highlights

  • Hospital Outparcel – Directly outparceled to Ochsner Lafayette General Orthopedic Hospital, a 131-bed facility specializing in orthopedic care and generating over 410,000 annual patient visits, driving consistent demand and daily traffic.
  • Exceptional Sales Performance – This Walgreens most recently generated approximately $3 million in annual reported sales, ranking among the top performers nationwide. Its proven track record reflects a highly desirable location with strong customer loyalty
  • High Visibility Site – Strategically located at the signalized intersection of W. Congress St. and Ambassador Caffery Pkwy., this Walgreens has visibility to 46,000+ vehicles per day, benefiting from exceptional exposure and consistent drive-by traffic.
  • Strong Retail Corridor – Positioned among national retailers including Albertson’s, Circle K, Chase Bank, Subway, Wingstop, and dozens of local retailers, driving consistent traffic and cross-shopping.
  • Lafayette, LA – Positioned within the Lafayette MSA—the 5th largest in Louisiana with over 400,000 residents—the property benefits from a diverse employment base and consistent retail demand. The surrounding trade area is experiencing strong demographic momentum, with projected population growth exceeding 5.7% within one- and three-mile radii over the next five years.
  • New Developments – Lafayette is experiencing robust retail and economic growth, highlighted by new entries such as Trader Joe’s, Buc-ee’s, and Cava. The former Books-A-Million site on Ambassador Caffery Pkwy is being redeveloped into a premier shopping center anchored by Sephora, Lululemon, and J. Crew. Beyond retail, the market is seeing large-scale investment, including a $57 million mixed-use project downtown and a $1.1 billion solar manufacturing facility slated for completion in 2026.

Photos

Location

Agents

Broker of Record

Donnie Jarreau

License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16173 Perkins Road Baton Rouge, LA 70810