Investment Offering
Broussard, LA - N2 Solutions
1086 Forum Dr | Broussard, LA 70518
$1,548,000
Price7.75%
Cap Rate$120,000
NOI9,750
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, N2 Solutions industrial investment property located in Broussard, Louisiana. The tenant, N2 Solutions, LLC, has 5 years remaining on its lease. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. N2 Solutions is a leading provider of nitrogen services to the oil, gas, and energy industries. The tenant operates multiple locations across the Gulf Coast and is headquartered in Lafayette, Louisiana.
Location
The asset benefits from nearby on/off ramp access to U.S. Highway 90 (40,600 VPD), a major north/south traveling highway connecting Broussard from New Orleans and other major markets in the Southern United States. The site is conveniently positioned within an active industrial corridor that includes CITGO, Aqueos, Baker Hughes, Chevron, and Chevrolet. Strong tenant synergy throughout the area increases consumer draw and crossover exposure to the asset. The subject property is located 5 miles from the Acadiana Regional Airport and 12 miles from the Lafayette Regional Airport, greatly reducing shipping times and costs, allowing the tenant to efficiently reach is customers throughout the country. The 5-mile trade area is supported by a population of over 30,300 residents and 16,000 employees with an average household income of $92,578.
Contact
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215