101 Oil Patch Rd - Distribution FOR SALE


Broussard, LA 70518
$2,862,000 USD
914-498-2225
101 Oil Patch Rd, Broussard, LA for Sale
$2,862,000 USD
Distribution - FOR SALE
1/5
null | 6.5% Cap Rate

101 Oil Patch Rd
Broussard, LA 70518


HIGHLIGHTS

  • New 10 Year Lease | Options To Extend | Favorable Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Quick Access to U.S. Highway 90 | Lafayette Regional Airport Nearby | Adjacent to RLC | Close Proximity to National/Credit Tenants
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, industrial investment property located in Broussard, Louisiana. The tenant, Imenco Smart Solutions, Inc recently signed a 10-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. Rent commenced on May 1st, 2024, which was the date that Imenco took possession of the premises, following completion of construction. The lease features $3,000 rental increases every other year for the initial term except year 9 features a $6,000 rental increase, which continues at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,862,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Imenco Industrial

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.38

LAND SF

60,113

ZONING

Light Industrial

APN/PARCEL ID

6154410

ASK ABOUT THIS PROPERTY

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.