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Imenco Industrial 101 Oil Patch Rd

12,000 SF Industrial Building Broussard, LA 70518 $4,111,120 CAD ($343 CAD/SF) 6.50% Cap Rate

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 $4,111,120 CAD
Price Per SF $343 CAD
Sale Type Investment NNN
Cap Rate 6.50%
Property Type Industrial
Lot Size 1.38 AC
Rentable Building Area 12,000 SF
No. Stories 1
Year Built 2024
Tenancy Single

Amenities

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6154410
Land Assessment
$16,374 CAD
Improvements Assessment
$0 CAD
Total Assessment
$16,374 CAD

zoning

Zoning Code Light Industrial
Light Industrial
  • Listing ID: 34398069

  • Date on Market: 2025-01-07

  • Last Updated:

  • Address: 101 Oil Patch Rd, Broussard, LA 70518

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