Broussard, LA - M&J Valve Services

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, M&J Valve investment property located in Broussard, Louisiana. The tenant, M&J Fabrication, LLC has 5+ years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 4.15% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The subject property also features 2 five ton cranes and HVAC in the warehouse. M&J Valve Services Founded with one office in Lafayette, Louisiana, the organization has grown over two decades to maintain staff and service locations in nine states, providing operators exploring America’s major natural gas finds with fast access to the best possible parts and supplies.

The M&J Valve is located near U.S. Hwy 90, a major thoroughfare serving the city of Broussard averaging over 40,000 vehicles passing by daily. The asset is ideally located within an active industrial corridor that includes Sysco, Weatherford, FedEx, UPS, PAG, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure. The 5-mile trade area is supported by more than 74,000 residents and 79,000 employees, providing a direct consumer base from which to draw. Residents within a 5-mile radius of the subject property boast an affluent average household income of $108,198.