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M&J Valve Services

106 Oil Patch Road, Broussard, LA 70518

$1,920,000

Cap Rate 7.50%

Views: 72 DOM: 86 Updated: 08.06.24 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 3.6
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

Patrick Luther
SRS National Net Lease Group
Contact

Matthew Mousavi
SRS National Net Lease Group
Contact

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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Key Features

  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway close

  • Affluent AHHI $100K 5 Mi

  • Major MSA

  • Absolute NNN

  • Corporate Guarantee

    • ...

Links

M&J Valve Services Wikipedia Broussard, Louisiana Zip Code 70518 Broker Site Page

Documents

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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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Listing Broker

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