Broussard, LA - OTC Industrial Technologies

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) is NNN leased, OTC Industrial Technologies investment property located in Broussard, Louisiana. The tenant, OTC Industrial Technologies, recently signed a brand new 6-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features approximately 1.80% rental increases every two years throughout the initial term a, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor.

This newly constructed 11,900-square-foot office/warehouse facility offers a functional and efficient layout ideal for a variety of industrial users. The building features 2,298 square feet of finished office space and 9,602 square feet of warehouse space, designed to support operational flexibility and long-term scalability. Strategically located near Highway 90, which sees approximately over 17,000 vehicles per day, the property provides excellent accessibility and ease of transportation. Highway 90 serves
as a major retail thoroughfare for the city of Brossard, enhancing the asset’s visibility and regional connectivity. Situated within the well-established Schaefer Industrial Park, the property benefits from being surrounded by numerous industrial buildings and established tenants. This concentration of businesses creates strong operational synergy and access to a built-in customer and labor pool. Major industrial users in the immediate area include Citgo, Gulf America, Pilot Thomas Logistics, American Eagle Transport LLC, and others. The 5-mile trade area is supported by a population of over 30,000 and 17,000 employees with an average household income of $99,739

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