NNN Leased Investment Opportunity! Commercial Investment For Sale in Broussard: +/- 20,000 Sq Ft Building on 2.21 acres- with a cap rate at 8+%! Current base monthly lease income is +/- $21,000 + NNN and all leases have 5 or more years remaining. Located at the corner of Albertson Pkwy and Saint De Porres Street allows for quick access to Ambassador Caffery, Main St/Pinhook, S Morgan, S Bernard, and Hwy 90. Total lot size is +/- 2.21 AC with stabilized yard. Lot size allows space for an additional 5,000 sqft building, which can be built adjacent to the existing 20,000 sqft building. There is also room for outparcel development. This property is not located in a hazardous flood zone. The exterior facade has been recently updated with new paint, signage, sidewalks, and a brand new asphalt parking lot with access to both Saint De Porres Street and Albertson Parkway. Easily accessible with excellent visibility and plenty of parking (including handicap accessible). The three occupied units (+/- 17,500 SqFt) have been completely renovated and built out for the current tenants. The remaining space (+/- 2,500 SqFt) includes a firewall and is ready to be built out for a new tenant and/or buyer specifications. Current owner is willing to pay for a build-out with an increased lease rate or purchase price. Don't miss out on this commercial investment opportunity! Call today for more info or to schedule a showing.
Listing Agent: Will Taylor Courtesy of: The Gleason Group Listing information provided courtesy of the REALTOR® Association of Acadiana. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 9th February, 2023 9:23 AM (UTC)