OM — Heartland Dental, Lafayette LA

Offering memorandum (Cushman & Wakefield) for a single-tenant absolute-NNN Heartland Dental at 204 Crescent Ranch Blvd, Lafayette, LA. Priced at $4,667,000 / 6.00% cap on $280,000 NOI, with a newly casted 10-year lease (commenced March 2025, expires Feb 2035), 10% increases every five years, and four renewal options extending effective term to 30 years. The OM identifies the site as a top 1% Heartland location systemwide and notes shadow-anchoring by Costco, Dick's Sporting Goods, and Topgolf.

Key Facts¶

7,100 SF on 1.38 acres; 80 parking spaces; 2021 build.
Traffic: LA-3073 ~29,932 AADT; Kaliste Saloom Rd ~25,445 AADT.
133,038 residents within 5 miles; avg HH income $120,488 within 3 miles.
Healthcare cluster nearby (Our Lady of Lourdes, Ochsner Lafayette General).
Louisiana civil-law environment is a distinct legal consideration.