Lafayette, LA - Stella Industries

Description:

SRS National Net Lease 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 (Stella), has over three years remaining in their lease and has occupied the site since November 2014, demonstrating their commitment to the site. Stella also has two five-year options to extend. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The tenant, Stella Industries, is a ISO 9001:2015 certified custom fabrication company. Since their founding in 2013, they have specialized in structural fabrication, serving the Oil & Gas Industry. 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 61,900 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 112,000 residents with an average household income over $100,000.