M&J Valve Services | Abs NNN
12,000 SF | 4-Star Flex Building | Broussard, LA 70518 | $1,959,000 ($163/SF) | 7.35% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,959,000
- Property Type
-
Industrial
- Price / Square Foot
- $163
Listing Contacts
Sabrina Kortlandt
Verified Profile
Patrick Luther
Verified Profile
Matthew Mousavi
Verified Profile
- Property Info
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, M&J Valve investment property located in Broussard, Louisiana. The tenant, M&J Fabrication, LLC has 3+ years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 4.15% rental increases 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 a passive investor. The subject property also features 2 five ton cranes and HVAC in the warehouse. M&J Valve Services Founded with one office in Lafayette, Louisiana, the organization has grown over two decades to maintain staff and service locations in nine states, providing operators exploring America’s major natural gas finds with fast access to the best possible parts and supplies.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Flex, Distribution
- Lot Size (sq. ft)
- 41,818 SF
Highlights
- 3+ Years Remaining | Options To Extend | Growing Brand | Cranes and HVAC on Site
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Industrial Corridor & Retail Corridor | Strong National/Credit Tenant Presence | U.S. Hwy 90 (40,200 VPD)
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
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