Net Leased Investment Property

Industrial for Sale
Sale Pending
Catylist Listing ID: 30589686
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Net Leased
Status: Pending
Building Size (RSF): 19,542 SF
Gross Building Area: See Agent
Gross Land Area: 3.77 Acres
Sale Price: $1,495,000
Unit Price: $76.50 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Big Tex Trailer World
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 6.82%
Average Occupancy Rate: 100
Last Updated: 9/12/2020

Overview / Comments

NET LEASED INVESTMENT PROPERTY, Landlord has no responsibilities. BIG TEX TRAILER WORLD has 65 locations nationwide and is one of the USA's leading manufacturers and seller of all types of trailers. Management reports that sales have increased several hundred percent since the business was relocated to this high visibility,easily accessible Hwy 90 location. The property consists of 3.77 acres, with four separate buildings, totaling 19,542 square feet. All of the buildings are well-maintained, with no deferred maintenance. The perimeter of the property is fenced and gated. The seller will consider owner-financing to a qualified buyer with a reasonable down payment, to be negotiated between the parties. The initial lease term commenced October 1, 2017, for a period of 60 months, at $8,500 per month, NNN. The lease payment increases to $9,350 per month on the option period at October 1, 2023.

Attachments & Media

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: O
Taxing Authority: Lafayette Parish, LA
Tax ID/APN: 6012779
Zoning: I-1
Tenancy: Single Tenant
Total Number of Buildings: 4
Property Condition: Excellent

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 26,458 92,163
Median Age: 34.53 34.73
Households: 10,825 36,933

Contact

Photograph of Listing Agent

Randy Lolley, SIOR

The Lolley Group, LLC. Scott, LA 70583
LACDB Member
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