Imenco Industrial | 101 Oil Patch Rd
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Imenco Industrial 101 Oil Patch Rd
12,000 SF Industrial Building Broussard, LA 70518 £2,293,893 (£191/SF) 6.50% Net Initial Yield
Investment Highlights
- New 10 Year Lease | Options To Extend | Favorable Rental Increases
- Quick Access to U.S. Highway 90 | Lafayette Regional Airport Nearby | Adjacent to RLC | Close Proximity to National/Credit Tenants
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
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.
Property Facts
| Price | £2,293,893 | Lot Size | 1.38 AC |
| Price Per SF | £191 | Rentable Building Area | 12,000 SF |
| Sale Type | Investment NNN | Number of Floors | 1 |
| Net Initial Yield | 6.50% | Year Built | 2024 |
| Property Type | Industrial | Tenancy | Single |
| Price | £2,293,893 |
| Price Per SF | £191 |
| Sale Type | Investment NNN |
| Net Initial Yield | 6.50% |
| Property Type | Industrial |
| Lot Size | 1.38 AC |
| Rentable Building Area | 12,000 SF |
| Number of Floors | 1 |
| Year Built | 2024 |
| Tenancy | Single |
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 6154410 | Improvements Assessment | £0 |
| Land Assessment | £9,136 | Total Assessment | £9,136 |
PROPERTY TAXES
Parcel Number
6154410
Land Assessment
£9,136
Improvements Assessment
£0
Total Assessment
£9,136
zoning
| Zoning Code | Light Industrial |
| Light Industrial |
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Imenco Industrial | 101 Oil Patch Rd
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