Long-Term NNN Industrial Investment Ideal for 1031 Buyers

Investment Overview

This 15,100 SF industrial service facility is located along Eraste Landry Road in Lafayette, offering a stabilized, income-producing investment well suited for 1031 exchange buyers. The property is leased to Industrial Service Solutions (ISS), with a lease term extending through November 2033. Current monthly base rent is $12,734.50, with scheduled 2% annual rent increases. In 2023, the tenant completed nearly $300,000 in renovations and consolidated operations from another location into the facility. An early lease renewal in summer 2026, accompanied by additional tenant improvement work, further extended the tenant's commitment through November 2033. The lease is structured as NNN, with the tenant responsible for real estate taxes, property and liability insurance, and general maintenance, including HVAC, plumbing, electrical, and interior systems. Landlord responsibilities are limited to the roof, foundation, and exterior walls. Located within Lafayette's established industrial market, the property is positioned to benefit from regional supplier and service activity associated with SpaceX's planned development in Vermilion Parish, supporting long-term industrial demand across Acadiana. Offered below replacement cost, the asset provides established rental income, scheduled escalations, and limited landlord responsibilities, making it an attractive, low-management investment for 1031 exchange buyers.