SRS Distribution (Home Depot) 6054-6072 Candice Ln 30,890 SF Industrial Building Lake Charles, LA 70615 $5,932,660 CAD ($192.06 CAD/SF) 6.75% Cap Rate

• STRONG CORPORATE GUARANTEE / INVESTMENT GRADE PARENT COMPANY - SRS Distribution is the fastest growing distributor of building products in the United States with over 750 locations nationwide & an annual revenue of ±$10 Billion. In June of 2024, Home Depot (NYSE: HD) completed the acquisition of SRS Distribution for $18.25B. Home Depot is an investment grade tenant (S&P: “A” Credit Rating).

• NEWLY RENOVATED FUNCTIONAL IOS INDUSTRIAL - Fully renovated in 2024, this highly functional ±30,890 SF facility sits on a huge ±10.33 acre lot (6.86% building/lot coverage), allowing for significant Industrial Outdoor Storage (IOS) capabilities – one of the most sought-after asset classes in today’s market. Some of the recent renovations include:
o Complete Facility Demo / Renovation (new LED lighting, insulation, flooring, perimeter fencing, break rooms, show rooms, etc.)
o Brand-New Building Systems (plumbing, HVAC, electrical, fire, etc.)
o Significant Concrete Addition (Both Interior & Exterior)
o New Forklift Area & Roll-Up Grade Level Doors

• LONG-TERM PASSIVE LEASE / 3% ANNUAL RENT INCREASES - SRS Distribution signed a new 10-year Industrial NNN lease in 2024, demonstrating their long-term commitment to this facility. The subject lease features favorable 3% annual rent increases & additional options to renew at fair market value, providing investors with a strong hedge against inflation.

• STRATEGIC INDUSTRIAL HUB IN GULF COAST REGION - Lake Charles has a robust transportation infrastructure, serving as a vital trade and commerce hub for the Gulf Coast region. The subject property is strategically positioned near The Port of Lake Charles, Interstates 10 & 210, Chennault International Airport, and major rail lines, including Union Pacific and Kansas City Southern, making Lake Charles a mission critical location for industrial operations.