Broussard, LA - Imenco Industrial

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, industrial investment property located in Broussard, Louisiana. The tenant, Imenco Smart Solutions, Inc recently signed a 10-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. Rent commenced on May 1st, 2024, which was the date that Imenco took possession of the premises, following completion of construction. The lease features $3,000 rental increases every other year for the initial term except year 9 features a $6,000 rental increase, which continues 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 an out of state investor.

The subject property is strategically located near the on/off ramps to U.S. Highway 90 (42,500 VPD), allowing for the easy movement of goods and reduced transportation costs. The asset is adjacent to RLC, the largest privately-held helicopter operator in the Gulf of Mexico, allowing for seamless access to offshore production platforms and drilling rigs. Just 5 miles southwest of Lafayette Regional Airport, Lafayette’s premier logistics hub. It is near national/credit tenants including Walmart, Home Depot, Albertsons, McDonald’s, and Starbucks. Located 8 miles south of Downtown Lafayette, the 5-mile trade area is supported by more than 71,000 residents and 77,500 employees who boost an affluent average household income of $106,865.