2150 E McNeese St - Distribution FOR SALE


Lake Charles, LA 70607
$4,327,000 USD
480-221-4221
2150 E McNeese St, Lake Charles, LA for Sale
$4,327,000 USD
Distribution - FOR SALE
1/9
null | 6.75% Cap Rate

2150 E McNeese St
Lake Charles, LA 70607


HIGHLIGHTS

  • 5 Years Remaining | Options To Extend | Annual Rental Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Signalized, Hard-Corner Intersection (48,100 VPD) | Strong National/Credit Tenant Presence
  • 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 a NN leased Goodman Distribution investment property located in Lake Charles, Louisiana. The tenant, Goodman Distribution, Inc., has approximately 5 years remaining on its 10-year lease with 2 (7-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and FMV increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$4,327,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodman | 5yrs Remain Corp NN w/ Annual Incrs

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

1

PARKING SPACES

21

LAND DETAILS

LAND ACRES

5.83

LAND SF

253,955

ZONING

I

APN/PARCEL ID

00100714A

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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