3504 Olympian Offshore Ln Gray, LA 70359

This exceptional investment opportunity presents a 9,900 square foot flex space industrial property located at 3504 Olympian Offshore Ln, Gray, LA 70359. The property, built in 2019, sits on a 0.5-acre lot and boasts a 16-foot ceiling height. Currently 100% occupied by Kenworth of South Louisiana under a Net Lease (NN+) agreement with 9.5 years remaining, this single-tenant building generates a strong NOI of $112,200, resulting in a 7.00% cap rate. The asking price is $1,600,000. This property serves as the administrative headquarters for Kenworth's nine locations, featuring an extensive interior buildout. Its strategic location just off US Highway 90, a major thoroughfare connecting Texas and Florida, provides excellent access to a busy industrial park. The area benefits from high traffic volume, with up to 1,200 trucks daily in and out of Port Fourchon, and proximity to Nicholls State University (enrollment over 6,400 students) and a well-traveled Park Avenue (over 28,000 vehicles per day). The property's strong tenant, long-term lease, and high cap rate make it an ideal addition to any investment portfolio. Occupancy date is June 1, 2024.