Lafayette, LA - Stella Industries (N/A)

Description:

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, freestanding, 14,240 SF industrial investment property located in Lafayette, LA. The tenant, Stella Industries, LLC, has occupied the site since November 2014, and recently extended their initial term by an additional 3 years, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The property is currently occupied by Stella Industries, a Stella Maris company. Stella Maris designs and manufactures customized oil & gas equipment through the use of state-of-the-art technology and superb engineering, optimized to meet client, national and international specifications. Currently Stella Industries is operating in this industrial building which is comprised of 3,000 SF of office space, and 11,240 SF warehouse space, with 1-acre of stabilized yard, and a 10-ton crane.

The property is positioned within an industrial corridor just 5 miles south of Lafayette’s city center. US Highway 90 E is positioned just east of the property and the primary thoroughfare providing access to the site with over 37,000 vehicles passing by daily. Nearby national/credit retailers in the area include a Walmart Supercenter. Dollar Tree, Sally Beauty, Burger King, Domino’s, AutoZone, and more, increasing consumer traffic to the area. The 5-mile trade area is supported by a population of over 115,000 residents with an average household income of $82,500.

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Listing ID: a284o000000iDUZAA2