Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Power Temp Industrial Building investment property located in Broussard, Louisiana. The tenant, Bam Bam Properties, LLC recently signed a brand new 5 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure making it an ideal, limited-management investment opportunity for a passive investor.

The subject property is located near U.S. Hwy 90, a major thoroughfare serving the city of Broussard averaging nearly 40,600 vehicles passing by daily. The asset is ideally located within an active industrial corridor that includes Sunbelt Rentals, Aqueos, NOV, Weatherford, CenterPoint Energy, Chevrolet, and many more. Furthermore, the Power Temp building is in close proximity to multiple national/credit tenants including Dollar General, Citgo, Chevron, Popeyes, Anytime Fitness, USPS, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. The property’s significant street frontage and large monument sign along Petroleum Pkwy Ext. create excellent visibility for the site. The 5-mile trade area is supported by more than 36,000 residents and 18,000 daytime employees, providing a direct consumer base from which to draw. Residents within a 1-mile of the subject property boast an affluent average household income of $102,855.

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