• Year Built: 2003
1322 West Landry Street is aretail property for lease in Opelousas, LA.
>Freestanding NN investment in Opelousas, LA. Building was constructed in 2003 and underwent CR2 renovation(minimal updates and façade work). Existing Lease runs through 6/30/2018 with (6) 5 year option periods. Percentage rent has kicked in for each of the past 3 fiscal years(see agent for additional details here).
>Landlord pays building insurance and taxes upfront then Tenant reimburses Landlord in FULL on both of these items. Landlord carries his own Liability Coverage at $239.00/year. Tenant Expense Stops of $1200 per year on HVAC. Landlord responsibility for the cost thereafter. 3 of 4 HVAC Condensers have been replaced recently, so yearly maintenance should be very minimal.
>Seasoned Store location with continued solid numbers each year. Tenant has 6 (5) year option periods with rent increases starting in Option 2.
>Ideal for 1031 Exchange
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