Lake Charles, LA - Trane Supply

Description:

- The tenant recently signed a 7-year lease extension with 1 (7-year) option to extend, demonstrating their commitment to the site
- The lease features flat rent in the initial term and a 14% rental increase at the beginning of the remaining option period, steadily growing NOI and hedging against inflation
- Trane Supply, a global climate innovator who creates comfortable, energy efficient indoor environments for commercial and residential applications, has over 200 locations across the US

• The subject property is strategically located on E McNeese St, which averages over 22,000 vehicles passing by daily
• The property is located within walking distance to McNeese State University, which has a total enrollment of over 5,300 students
• The asset is located in one the largest industrial corridors in the Lake Charles area