SRS’ National Net Lease Group Brokers $2.2 Million Sale of a Single-Tenant Retail Property Occupied by Shoe Station in Lafayette, La.

New Orleans, La. (September 6, 2022)SRS Real Estate Partners’ National Net Lease Group (NNLG) announced today it has completed the $2.2 million off-market sale of a single-tenant retail property occupied by Shoe Station. Located at 3606 Ambassador Caffery Parkview in Lafayette, LA, the 13,125-square-foot property is situated on 1.07 acres.

SRS NNLG’s First Vice President Sabrina Kortlandt out of the firm’s New Orleans office represented the seller, a Washington-based family trust. The buyer was a private investor from Texas.  

“This was a successful off-market transaction,” said Kortlandt. “I was able to work with Shoe Station to extend its corporate-guaranteed lease for another three years in order to create $500,000 more in value for my seller client.”

The property is located in the heart of a dense retail corridor with several nearby shopping malls including Acadiana Mall, Acadiana Square and Ambassador Row.

This is SRS NNLG’s third transaction in Lafayette over the last three months. The other two transactions included the $7 million sale of a Best Buy property and $5 million sale of a Barnes & Noble property. 

In 2021, SRS’ Investment Properties Group (IPG) and National Net Lease Group (NNLG) completed more than $3.1 billion in deal volume comprised of 899 transactions in 49 states, and currently has more than $2 billion in property on the market, with more than 465 properties sold year-to-date in 2022.  

About SRS Real Estate Partners

Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with more than 25 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.

SRS’ Investment Properties Group (IPG) & National Net Lease Group (NNLG) is a unified platform of seasoned net lease professionals located and transacting nationally with all underwriting and marketing efforts strategically located in Southern California. In 2021, the group completed more than 899 sales across more than 49 states and has over 160 brokerage professionals nationally. From proactive sales to targeted acquisitions and tailored debt and equity solutions, SRS’ National Net Lease Group offers comprehensive services to net lease owners and investors. Superior speed-to-market, world-class marketing materials, a deep investor database and unparalleled retail submarket intelligence from the entire SRS platform allow SRS’ National Net Lease Group to deliver the best possible returns. For more information, please visit srsnnlg.com.