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Views: 103 DOM: 162 Updated: 09.18.24 Posted: 06.14.24 Status: Active

Summary

Price $1,920,000
Built/Renov 2023
Tenant M&J Valve Services
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 12,000
Lease Start 04-01-2023
#Units 9
Price/SF $160.00
Expiration 04-01-2028
Tenant Type Industrial
NOI $144,000
R. Term 3.4
Ownership Fee Simple
Rent/SF $12.00
Increases 4.2%/4/yrs
Pop 5Mi 74,356
Lot/AC 0.96
Options 2/5yrs/4.15%
AHHI 5Mi $108,198

Lease Highlights

  • New 2023 construction
  • M&J Valve Services has 3+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 4.15% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

M&J Valve is strategically located on U.S. Highway 90, a major thoroughfare, with 40,000 vehicles passing by daily. The property is ideally situated within an active industrial corridor that includes Sysco, Weatherford, FedEx, UPS, PAG, and many more. The 5-mile trade area is supported by a population of 74,356 residents with an average household income of $108,198. Broussard is a city in...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: M&J Valve Services
  • Guarantor:Corporate
  • Company:M&J Valve Services
  • # Units:9
  • Stock:Private

About Tenant

M&J Valve Services provides the widest range of natural gas compression parts and services nationwide and beyond. Their commitment to quality, safety, and unbeatable service has earned the trust...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 1,200 19,328 75,595
2024 Total Population : 1,153 19,007 73,257
2024 Employed Civilian Pop : 544 9,670 38,304
2024 Total Businesses : 336 1,910 6,619
2024 Average Household Income : $ 69,377 $ 90,524 $ 104,428
2024 Total Consumer Spending : $ 30 M $ 642 M $ 2826 M
2024 Median Age : 36 38 38
2024 Total Households : 488 8,048 30,977
2024 Pop Age 25+: Bachelor's Degree : 210 3,662 14,528
2024 Average Home Value : $ 238,074 $ 301,473 $ 356,702
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Garber Road N Bernard Rd 2022 1,349 0.14 mi
North Bernard Road Garber Rd 2022 392 0.18 mi
Southwest Frontage Road US Hwy 90 2022 1,265 0.56 mi
South Bernard Road SW Frontage Rd 2022 364 0.57 mi
Park Center Drive SW Frontage Rd 2022 1,367 0.63 mi
Garber Road Ft Oliver Rd 2022 2,845 0.64 mi
Leo Kerner/lafitte Pkwy Carrie Ln 2018 1,217 0.65 mi
Thruway Park Road SW Frontage Rd 2022 1,256 0.66 mi
W 2nd St Fleming Dr 2009 1,790 0.76 mi
Boyce Street SW Frontage Rd 2022 1,434 0.76 mi

Listing Broker

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