Lafayette Marketplace

Investment Highlights

GROCERY ANCHORED RETAIL OFFERING
• Lafayette Marketplace is an 87,122 square foot Super 1 Foods anchored retail center located in Lafayette, LA
• Super 1 Foods backfilled a Shoppers Value Foods and just recently executed a new 7-Year lease through 2030
• Average Tenant Tenure (Excluding Super 1) | 11 Years
• 100% Stabilized Retail Center
• The center was recently painted and had a stripe and seal performed in 2024

SUPER 1 FOODS | BROOKSHIRE GROCERY
• Super 1 Foods occupies 60% of the total shopping center and has executed a new 7-Year lease extension through 2030
• Super 1 Foods is corporately guaranteed from Brookshire Grocery which boasts more than $2.5 Billion in annual revenue and has been featured on the Top 200 List of Private Companies as per Forbes
• The chain is a regional grocer with 52 locations across Texas, Louisiana, and Arkansas

HISTORY OF STRONG PERFORMANCE
• Lafayette Marketplace has been a well-known retailer to the Lafayette community since 1995 and has a history of strong tenant performance
• Average Tenant Tenure (Excluding Super 1) | 11 Years
• Leasing Momentum | Seller has executed 3 new leases & extensions

RAPIDLY DEVELOPING AREA
• Lafayette Marketplace is positioned in a neighborhood that is seeing a major development boom
• New residential development directly adjacent to center featuring 80+ residential units and a new pharmacy at entrance
• West of Lafayette Marketplace is the West Village development, featuring hundreds of residential units with walkable retail
• With West Village, a new thoroughfare (Apollo Road), has been built which ties into Dulles Road – providing immediate and direct access for the development into Lafayette Marketplace
• Access will position Lafayette marketplace as the primary grocery center serving the new development

ORGANIC NOI GROWTH | MARK TO MARKET OPPORTUNITIES
• Located in a high-growth corridor, the center will benefit from rising market rents and ongoing development, ensuring strong long-term demand.
• Average rental rate excluding Super 1: $7.79
• Average rents along Ambassador Pkwy: $26.51 (CoStar)
• Opportunity to increase rents to market if space comes available

RECENT RENOVATIONS
• New Exterior Paint in 2023 - $65K
• Major improvements to rear drive lane with heavy duty concrete to replace rear delivery lane - $185K
• Parking lot resealed with 2 coats and restriped in 2024
• New Roof replacement with Warranty in 2017

LAFAYETTE, LA
• Lafayette is the most populous city in and parish seat of Lafayette Parish in the U.S. state of Louisiana and is the fourth-most populous city in the state
• Home to the University of Louisiana at Lafayette (over 19,000 students) and South Louisiana Community College (7,000 students)
• Key industries in Lafayette include energy, healthcare, technology, and manufacturing
• The presence of the University of Louisiana at Lafayette, along with a thriving healthcare sector, provides economic stability and growth opportunities