2111 N University Ave is a mixed-use property for lease in Lafayette, LA.
Great daycare facility has been leased by the same governmental tenant for over 10 years on annual lease renewals. Current lease $3100. Tenant handles maintenance. 2nd tenant in warehouse at back pays $500/month. Do not approach tenant!!
We assume tenant will want to renew, but owner would have option not to renew lease and use for their own daycare operation, or negotiate a new price when it comes due in August. Landlord pays property tax of $2600 and building insurance.
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