61,793...Other: Early termination right with 90-day notice if sales during any lease year do not...

CONFIDENTIAL OFFERING MEMORANDUM

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Exclusive Video Presentation

SHOPPING CENTERCROWLEY

27,228 SF | +/- 2.21 Acreswww.dumesfalk.com

Vehicles Per Day 61,793

22,111Combined

Vehicles Per Day

Acadia General HospitalHalf Mile Away

SUBJECTPROPERTY

Building Two: 753 Odd Fellows Road,

Crowley, LA 70526

Building One: 725 Odd Fellows Road,

Crowley, LA 70526

https://vimeo.com/333843065/6015bd070e


https://www.google.com/maps/place/USAgencies+Insurance/@30.2318156,-92.3649009,512m/data=!3m1!1e3!4m5!3m4!1s0x0:0x855acb1876275666!8m2!3d30.2317963!4d-92.3629462

https://www.google.com/maps/place/Hibbett+Sports/@30.2317787,-92.3656714,515m/data=!3m1!1e3!4m12!1m6!3m5!1s0x0:0x855acb1876275666!2sUSAgencies+Insurance!8m2!3d30.2317963!4d-92.3629462!3m4!1s0x8624aeb4d09b6afd:0x7296f4b702d27754!8m2!3d30.2312319!4d-92.3655568

C O N F I D E N T I A L I T Y & D I S C L A M E R

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the

party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of

Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and

to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due

diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the

income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the

property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and

Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or

any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has

been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information

contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation

whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to

verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services,

Inc. © 2018 Marcus & Millichap. All rights reserved

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package.

The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said

corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap,

and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

N O N - E N D O R S E M E N T N O T I C E


JOEL M. DUMESSenior Vice President Investments

Senior Director - National Retail Group

Cincinnati Office

Tel: (513) 878-7720

Fax: (513) 878-7710

[email protected]

Licenses: OH SAL.2003013045, KY 63818

STANTON R. FALKFirst Vice President Investments


Cincinnati Office

Tel: (513) 878-7721

Fax: (513) 878-7710

[email protected]

Licenses: OH SAL.2012001364

www.dumesfalk.com

RYAN K. ROEDERSHEIMERSenior Associate

Director - National Retail Group

Cincinnati Office

Tel: (513) 878-7796

Fax: (513) 878-7710

[email protected]


Broker of Record: Chris Shaheen

TABLE OF CONTENTS

01INVESTMENT OVERVIEW

02

03

PRICING & FINANCIAL ANALYSIS

DEMOGRAPHICS & MARKET OVERVIEW

01INVESTMENT

OVERVIEW

6

INVESTMENT HIGHLIGHTS

Walmart Shadow Anchored Shopping Center | Two Buildings Totaling 27,228 Square Feet

18 Percent or 4,800 Square Feet of Realizable Vacancy Upside

95 Percent of Current Income from National and Regional Tenants

Strong Historical Occupancy | All Triple-Net Leases Except for One Tenant

Ample Parking with Multiple Points of Ingress and Egress

Positioned Off Interstate-10 Which Sees Over 60,000 VPD

Located Near Acadia General Hospital, City’s Largest Employer

Parish Seat of Acadia Parish, Louisiana | Lafayette, LA MSA

P


7

BUILDING 1

8

BUILDING 2

9

Building Two

Building One

10

Vehicles Per Day 61,793

22,111Combined

Acadia General Hospital

Half Mile Away

Vehicles Per Day SUBJECT

PROPERTY

53 Miles WestLake Charles

23 Miles EastLafayette

Major Crowley Employers• Acadia General Hospital• Walmart• Capitol Manufacturing Co.• Francis Drilling Fluids LTD• First National Bank of LA

*Site plan is a representation of the property with the number of units, parking spots and relative size of both. It does not show the absolute exact size of the units relative to the other spaces or the exact number of parking spots. 11

Hibbett Sports(1)

Check Into Cash(2)

Cricket Wireless(3)

Nail Salon(4)

GameStop(5)

Advance America Cash

(6)

GNC(7)

4,000 SF 1,275 SF 1,275 SF 1,275 SF 1,403 SF 1,200 SF 1,200 SF

AT&T(8)

Republic Finance(9)

Sally Beauty(10)

XpressMedUrgent Care

(11)

Vacant(12)

Select Physical Therapy

(13)

US Agencies(14)

1,600 SF 1,600 SF 1,520 SF 2,200 SF 4,800 SF 1,800 SF 2,080 SF

Key:NOT Included in Deal

Included in Deal

54321

SUBJECT PROPERTY


Notre Dame High School

Southwind Nursing & Rehab Center

Harvest Labs, Inc.

Crowley City Court

Grand Opera House of the South

Louisiana Rice Mill

Falcon Rice Mill

New World Forest Products G & H

Seed

Southwest Rice Mill

SLCC Acadian Campus Martin Luther

King Building

Capitol Manufacturing

RivianaFoods

North Crowley Elementary School

South Crowley Elementary School

Crowley Grain Drier

Army National Guard Recruiting

Edwards Park

Acadia Parish Alternative School

Crowley Middle School

Bayou Bend Country Club

Bronco Fields

N

12

13

195-Miles

82-Miles

154-Miles

75-Miles

229-Miles

205-Miles 177-Miles228-Miles

440-Miles

473-Miles

208-Miles

274-Miles

403-Miles277-Miles

23-Miles

02PRICING & FINANCIAL

ANALYSIS

Building One: 725 Odd Fellows Rd, Crowley, LA 70526

DEMOGRAPHICS

1-Mile 3-Miles 5-Miles

2018 Estimated Population 2,901 15,976 18,945

2018 Estimated Households 1,118 6,026 6,987

Daytime Population 4,078 16,645 18,555

Average Household Income $55,098 $53,648 $54,952

SITE DESCRIPTION

Built 1999 | 2000

Gross Leasable Area (GLA) 27,228 SF

Current Occupancy 82%

Lot Size +/- 2.21 Acres

Ownership Fee Simple

MAJOR TENANTS

TENANT GLALEASE

EXPIRATIONLEASE

TYPE

Hibbett Sports #278 4,000 03/31/2021 NNN

XpressMed Urgent Care 2,200 07/31/2022 Gross

USAgencies #746 2,080 03/31/2021 NNN

Sally Beauty #2143 1,520 07/31/2024 NNN

AT&T Mobility 1,600 01/31/2024 NNN

MAJOR EMPLOYERS

EMPLOYER


Walmart

Capitol Manufacturing Co

Francis Drilling Fluids LTD

First National Bank of LA

15Marcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.

Click Here to View Exclusive Video Presentation


EXECUTIVE SUMMARY

Building Two: 753 Odd Fellows Rd, Crowley, LA 70526


https://www.google.com/maps/place/Nails+%26+Tan/@30.2318156,-92.3649009,512m/data=!3m1!1e3!4m12!1m6!3m5!1s0x0:0x855acb1876275666!2sUSAgencies+Insurance!8m2!3d30.2317963!4d-92.3629462!3m4!1s0x0:0xec6292b0c3dfa699!8m2!3d30.231178!4d-92.3654214




https://www.google.com/maps/place/USAgencies+Insurance/@30.2318156,-92.3649009,512m/data=!3m1!1e3!4m5!3m4!1s0x0:0x855acb1876275666!8m2!3d30.2317963!4d-92.3629462

16

RENT ROLL AND TENANT LEASE SUMMARY

Marcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.

Tenant Name (Lease Type)

Tenant Description

SquareFeet

Pro-RataShare

Lease

Commence

Lease

Expiration

AnnualRent/ SF

Monthly

Base Rent

Annual

Base Rent

Base Rent

Changes On

Base Rent

Changes ToTenant Option Terms

Advance America #257 (Triple-Net) 1,200 4.41% 10/30/1998 07/31/2022 $21.85 $2,185 $26,218 None None One, Three-Year

Advance America, Cash Advance Centers, Inc.

+/- 1,900 Locations

A national provider offering easy in-store and

online cash advances, fast cash loans, title loans

and more.

CAM & MGMT: Pro-rata share (Opt. 6) 08/01/2022 $26,400 Years 24 – 27

Taxes: Pro-rata share

Insurance: Pro-rata share

Other: Early termination due to a change in law with a 90-day notice and payment of 6 months rent

GNC #8563 (Triple-Net) 1,200 4.41% 01/27/1999 07/31/2023 $19.95 $1,995 $23,940 None None One, Five-Year

General Nutrition Corporation (NYSE: GNC)

+/- 8,800 Locations

The largest global specialty retailer of nutritional

products, including supplements, herbs, sports

nutrition, diet, and energy products.

CAM & MGMT: Pro-rata share with 7% increase cap excluding snow removal (Opt. 6) 08/01/2023 $25,140 Years 25 - 30



Other: Early termination right with 90-day notice if sales during any lease year do not exceed $225,000

AT&T Mobility (Triple-Net) 1,600 5.88% 01/28/1999 01/31/2024 $17.50 $2,333 $28,000 None None One, Three-Year

New Cingular Wireless PCS, LLC.

+/- 5,000 Locations

A subsidiary of AT&T, Inc., is one of the largest

mobile voice and data communication services in

the United States.

CAM & MGMT: Pro-rata share (Opt. 6) 02/01/2024 $28,800 Years 26 – 29



Other: None

Republic Finance (Triple-Net) 1,600 5.88% 02/01/2017 06/30/2023 $16.50 $2,200 $26,400 None None One, Five-Year

Republic Finance, LLC.

+/- 211 Locations

A regional provider offering a variety of consumer

loans, flexible lending options and incomparable

customer service.

CAM & MGMT: Pro-rata share plus 10% admin. fee (Opt. 1) 07/01/2023 $29,040 Years 7 – 11


Insurance: Pro-rata share plus 10% admin. fee

Other: None

Sally Beauty #2143 (Triple-Net) 1,520 5.58% 03/10/1999 07/31/2024 $14.00 $1,773 $21,280 None None None

Sally Beauty Supply, LLC.

+/- 3,000 Locations

The largest retailer of professional beauty

supplies in the world with more than 9,000

products for hair, nail and skin.

CAM & MGMT: Pro-rata share with 8% increase cap excluding snow removal



Other: Early termination right at anytime during 8/21 to 7/22 with 180-day prior notice

XpressMed Urgent Care (Gross) 2,200 8.08% 03/31/2017 07/31/2022 $15.00 $2,750 $33,000 None None Two, Five-Years

Xpress Urgent Care of Crowley, LLC.

2 Locations

A local urgent care offering all non-life

threatening medical needs using the latest

testing and state of the art x-ray equipment.

CAM & MGMT: None (Opt. 1) 08/01/2022 $36,300 Years 6 – 10

Taxes: None (Opt. 2) 08/01/2027 $39,930 Years 11 – 15

Insurance: None

Other: One-time early termination right at end of 36th month with 90-day notice and payment of 3 months rent

Select Physical Therapy (Triple-Net) 1,800 6.61% 04/15/2016 08/30/2021 $18.85 $2,827 $33,922 09/01/2020 $34,770 Two, Three-Years

Crowley Physical Therapy Clinic, Inc.

+/- 1,600 Locations

A national provider offering a wide range of

services such as hand therapy, sports medicine

and work injury prevention and management.

CAM & MGMT: Pro-rata share with 7% increase cap excluding snow removal and utilities (Opt. 1) 09/01/2021 $35,639 Year 6

Taxes: Pro-rata share (Opt. 1) 09/01/2022 $36,530 Year 7

Insurance: Pro-rata share (Opt. 1) 09/01/2023 $37,443 Year 8

Other: One-time early termination right at end of 36th month with 90-day notice and payment of 3 months rent (Opt. 2) 09/01/2024 $38,380 Year 9

(Opt. 2) 09/01/2025 $39,339 Year 10

(Opt. 2) 09/01/2026 $40,323 Year 11


17

RENT ROLL AND TENANT LEASE SUMMARY


Tenant Name (Lease Type)

Tenant Description

SquareFeet

Pro-RataShare

Lease

Commence

Lease

Expiration

AnnualRent/ SF

Monthly

Base Rent

Annual

Base Rent

Base Rent

Changes On

Base Rent

Changes ToTenant Option Terms

USAgencies #746 (Triple-Net) 2,080 7.64% 02/03/2010 03/31/2021 $17.50 $3,034 $36,410 None None None

CIGH Property Holdings, Inc.

+/- 83 Locations

A brand to trust with experienced insurance

advisors for low-cost auto insurance, with

locations throughout Alabama and Louisiana.

CAM & MGMT: Pro-rata share with 5% increase cap excluding snow removal and utilities plus 10% admin. fee



Other: None

Hibbett Sports #278 (Triple-Net) 4,000 14.69% 03/28/2000 03/31/2021 $14.75 $4,917 $59,000 None None One, Three-Year

Hibbett Sporting Goods, Inc. (NASDAQ: HIBB)

+/- 1,085 Locations (S&P: 600 Component)

A full line sporting goods retailer offering a wide

range of athletic equipment, footwear and

apparel.

CAM: Pro-rata share with 5% increase cap excluding snow removal plus 15% admin. fee (Opt. 5) 04/01/2021 $61,000 Years 21 - 23

Taxes: Pro-rata share, does not reimburse increase in taxes due to sale or transfer


Other: Co-Tenancy with Walmart

Check Into Cash #16028 (Triple-Net) 1,275 4.68% 06/06/2000 11/30/2019 $20.47 $2,175 $26,100 None None Three, Three-Year

Check Into Cash, Inc.

+/- 800 Locations

A national leader in short-term credit solutions

offering everything from online payday loans to

walk-in bill pay.

CAM & MGMT: Pro-rata share with 7% increase cap excluding snow removal (Opt. 5) 12/01/2019 $27,600 Years 20 – 22

Taxes: Pro-rata share (Opt. 6) 12/01/2022 $28,980 Years 23 – 25

Insurance: Pro-rata share (Opt. 7) 12/01/2025 $30,429 Years 26 – 28

Other: Early termination due to a change in law with a 90-day notice and payment of 6 months rent

Cricket Wireless (Triple-Net) 1,275 4.68% 12/01/2016 03/31/2021 $18.00 $1,913 $22,950 None None One, Three-Year

Optimal Wireless, LLC

+/- 153 Locations

An authorized Cricket retailer offering prepaid

wireless services using the AT&T’s national

network.

CAM & MGMT: Pro-rata share (Opt. 1) 04/01/2021 TBD: Market Rate Years 6 – 8



Other: None

Nails & Tan (Triple-Net) 1,275 4.68% 09/12/2017 05/31/2022 $16.94 $1,800 $21,600 06/01/2020 $22,200 One, Five-Year

Personal

1 Location

A local nail salon dedicated to providing clients

with premium nail services and has received

excellent online reviews.

CAM & MGMT: Pro-rata share plus a 10% admin. fee (Opt. 1) 06/01/2022 $22,200 Years 6 – 7

Taxes: Pro-rata share (Opt. 1) 06/01/2024 $22,800 Years 8 – 9

Insurance: Pro-rata share plus a 10% admin. fee (Opt. 1) 06/01/2026 $23,400 Year 10

Other: None

GameStop #2650 (Triple-Net) 1,403 5.15% 02/01/2004 01/31/2020 $19.24 $2,250 $26,998 None None None

GameStop, Inc.

+/- 7,275 Locations

An American video game, consumer electronics,

and wireless services retailer with 22,000 full-

time employees throughout five countries.

CAM: Pro-rata share plus a 15% administrative fee



Other: Co-Tenancy with Walmart

Vacant 4,800 17.63%

Total Occupied 22,428 82.37% $32,152 $385,818

Total Vacant 4,800 17.63% $0 $0

Total 27,228 100% $32,152 $385,818


18

PRICING DETAIL & OPERATING DATA

List Price $4,000,000

CAP Rate 8.91%

Price/SF $147

Net Operating Income $356,217

Gross Leasable Area (GLA) 27,228 SF

Occupancy 82%

Scheduled Base Rental Income $385,818

Expense Reimbursement Income

CAM $13,175

Insurance $10,401

Real Estate Taxes $34,701

Management Fees $10,909

Total Reimbursement Income $69,187

Pylon Sign Income $4,200

Effective Gross Revenue $459,205

Less: Operating Expenses ($102,988)

Net Operating Income $356,217

Debt Service ($215,729)

Net Cash Flow After Debt Service 14.05% $140,488

Principal Reduction $59,651

Total Return 20.01% $200,139

CURRENT OPERATING DATA

Loan Type Proposed New

Down Payment 25% | $1,000,000

Loan Amount 75% | $3,000,000

Interest Rate | Amortization 5.25% | 25 Years

Debt Coverage Ratio 1.65

LOAN INFORMATION


Operating Expenses Current Per/SF

Com

mon A

rea

Main

tenance Electric $3,557 $0.13

Landscaping $2,750 $0.10

Lot Sweeping $5,472 $0.20

General R&M $6,035 $0.22

Total CAM Expenses $17,814 $0.65

2018 Insurance $14,000 $0.51

2019 Real Estate Taxes* $46,710 $1.72

Management Fee (4% of EGR) $17,764 $0.65

Estimated Reserves $6,700 $0.25

Total Expenses $102,988 $3.78

*Real Estate Taxes based on 2019 value of $3,888,200

THE OFFERING


03DEMOGRAPHICS & MARKET

OVERVIEW

20

DEMOGRAPHIC OVERVIEW


Source: © 2018 Experian

Created on April 2019

POPULATION 1-Miles 3-Miles 5-Miles▪ 2023 Projection

Total Population 2,869 15,693 18,665

▪ 2018 Estimate


▪ 2010 Census


▪ 2000 Census


▪ Current Daytime Population

2018 Estimate 4,078 16,645 18,555

HOUSEHOLDS 1-Miles 3-Miles 5-Miles▪ 2023 Projection

Total Households 1,122 6,016 6,987

▪ 2018 Estimate


Average (Mean) Household Size

2.51 2.57 2.61

▪ 2010 Census


▪ 2000 Census


▪ Occupied Units

2023 Projection 1,122 6,016 6,987

2018 Estimate 1,274 6,869 7,925

HOUSEHOLDS BY INCOME 1-Miles 3-Miles 5-Miles▪ 2018 Estimate

$150,000 or More 5.96% 4.41% 4.38%

$100,000 - $149,000 7.93% 10.08% 10.43%

$75,000 - $99,999 11.49% 8.48% 8.96%

$50,000 - $74,999 14.13% 13.63% 14.72%

$35,000 - $49,999 12.75% 14.00% 14.58%

Under $35,000 47.75% 49.40% 46.92%

Average Household Income $55,098 $53,648 $54,952

Median Household Income $37,559 $35,667 $38,390

Per Capita Income $21,582 $20,637 $20,623

HOUSEHOLDS BY EXPENDITURE 1-Miles 3-Miles 5-MilesTotal Average Household Retail Expenditure $51,558 $49,173 $50,577

▪ Consumer Expenditure Top 10 Categories

Housing $13,728 $13,193 $13,530

Transportation $10,165 $9,922 $10,226

Shelter $6,986 $6,729 $6,881

Food $5,137 $4,952 $5,095

Personal Insurance and Pensions $3,791 $3,558 $3,747

Health Care $3,751 $3,503 $3,598

Utilities $3,613 $3,501 $3,587

Entertainment $2,180 $2,076 $2,152

Household Furnishings and Equipment $1,508 $1,434 $1,497

Cash Contributions $1,505 $1,410 $1,454

POPULATION PROFILE 1-Miles 3-Miles 5-Miles▪ Population By Age

2018 Estimate Total Population 2,901 15,976 18,945

Under 20 27.01% 28.37% 28.39%

20 to 34 Years 19.24% 19.70% 19.60%

35 to 39 Years 5.26% 5.52% 5.71%

40 to 49 Years 10.21% 10.59% 10.95%

50 to 64 Years 19.02% 19.35% 19.50%

Age 65+ 19.25% 16.46% 15.85%

Median Age 38.48 36.66 36.69

▪ Population 25+ by Education Level

2018 Estimate Population Age 25+ 1,941 10,460 12,405

Elementary (0-8) 10.00% 13.15% 12.76%

Some High School (9-11) 18.18% 15.66% 15.37%

High School Graduate (12) 37.19% 34.85% 35.91%

Some College (13-15) 14.92% 16.80% 16.87%

Associate Degree Only 5.63% 4.71% 4.69%

Bachelors Degree Only 9.10% 9.70% 9.52%

Graduate Degree 2.38% 3.05% 2.91%


21



Income

In 2018, the median household income for your selected geography is

$38,390, compare this to the US average which is currently $58,754.

The median household income for your area has changed by 45.55%

since 2000. It is estimated that the median household income in your

area will be $44,122 five years from now, which represents a change

of 14.93% from the current year.

The current year per capita income in your area is $20,623, compare

this to the US average, which is $32,356. The current year average

household income in your area is $54,952, compare this to the US

average which is $84,609.

Population

In 2018, the population in your selected geography is 18,945. It is

estimated that the population in your area will be 18,665 five years

from now. The current population is 47.96% male and 52.04% female.

The median age of the population in your area is 36.69, compare this

to the US average which is 37.95. The population density in your area

is 241.37 people per square mile.

Households

There are currently 6,987 households in your selected geography. It is

estimated that the number of households in your area will be 6,987

five years from now. The average household size in your area is 2.61

persons.

Employment

In 2018, there are 18,555 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

52.57% of employees are employed in white-collar occupations in this

geography, and 47.61% are employed in blue-collar occupations. In

2018, unemployment in this area is 7.35%. In 2000, the average time

traveled to work was 26 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

69.60% White, 26.86% Black, 0.00% Native American and 0.66%

Asian/Pacific Islander. Compare these to US averages which are:

70.20% White, 12.89% Black, 0.19% Native American and 5.59%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 2.43% of the current year

population in your selected area. Compare this to the US average of

18.01%.

Housing

The median housing value in your area was $97,823 in 2018, compare

this to the US average of $201,842. In 2000, there were 4,497 owner

occupied housing units in your area and there were 2,537 renter

occupied housing units in your area. The median rent at the time was

$249.

Source: © 2018 Experian


22


Source: © 2017 ExperianMarcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.

MARKETING TEAM

OVERVIEW

LAFAYETTE , LA

FRENCH CONNECTION

Lafayette maintains a Cajun population, descendants of French colonists

expelled from Eastern Canada’s Maritime Provinces during the 18th century.

RAGIN’ CAJUNS

The metro is home to the University of Louisiana at Lafayette. The college is

the state’s second largest with a student population greater than 19,000.

ENERGY INDUSTRY

The region’s oil fields are a primary economic driver. The metro is adjusting

from the industry’s recent downturn.

Lafayette is situated in southwestern Louisiana and considered the

epicenter of Cajun culture. The largest and most populous portion of

French Louisiana’s Acadiana region, the metro is known for its Cajun and

Creole cuisine, entertainment and Zydeco music. A hub for in-state trade,

Lafayette lies an hour west of Baton Rouge and roughly 120 miles from

New Orleans. Metro population growth of 12,000 residents is expected in

the next five years, spread between the parishes of Acadia, Iberia,

Lafayette, St. Martin and Vermilion.

▪ Oil-field service companies maintain a sizable local presence despite recent job cuts. Frank’s

International, Island Operating Co., WHC, Schlumberger and Baker Hughes all maintain payrolls

between 700 and 1,000 workers.

▪ Lafayette is home to Stuller, the world’s largest jewelry and setting manufacturer. The company

employs more than 1,200 people.

▪ Education and healthcare employment supported the metro’s economy while the oil industry

struggled. Lafayette General Health and Lafayette Parish School System account for a large

portion of the jobs.

DEMOGRAPHICS

ECONOMY

METRO HIGHLIGHTS

* Forecast

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

499K

2018POPULATION:

191K

2018HOUSEHOLDS:

35.7

2018MEDIAN AGE:

$45,900

2018 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

38.0U.S. Median:

$58,8003.6%

Growth2018-2023*:

2.5%

Growth2018-2023*:



JOEL M. DUMESSenior Vice President Investments


Cincinnati Office

Tel: (513) 878-7720

Fax: (513) 878-7710

[email protected]

Licenses: OH SAL.2003013045, KY 63818

STANTON R. FALKFirst Vice President Investments


Cincinnati Office

Tel: (513) 878-7721

Fax: (513) 878-7710

[email protected]


www.dumesfalk.com

RYAN K. ROEDERSHEIMERSenior Associate

Director - National Retail Group

Cincinnati Office

Tel: (513) 878-7796

Fax: (513) 878-7710

[email protected]


Broker of Record: Chris Shaheen

61,793...Other: Early termination right with 90-day notice if sales during any lease year do not...

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Transcript of 61,793...Other: Early termination right with 90-day notice if sales during any lease year do not...