SRS Distribution (Home Depot)

Strong Corporate Guarantee / Investment Grade Parent Company – SRS Distribution is the fastest growing distributor of building products in the U.S., with over 760 locations nationwide & an annual revenue of ± $10B. In June 2024, Home Depot (NYSE: HD) completed its acquisition of SRS Distribution for $18.25B. Home Depot is an investment-grade tenant (S&P: “A” Credit Rating). In September of 2025, Home Depot completed the acquisition of GMS Inc. through its specialty trade distribution subsidiary, SRS Distribution Inc., for $5.5B. SRS Distribution will now operate a network of 1,200+ locations nationwide with an estimated Enterprise Value of $23+ billion post GMS Inc. acquisition.
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.
Long-Term Passive Lease / 3% Annual Rent Increases – SRS Distribution signed a new 10-year Industrial NNN lease in 2024, portraying their long-term commitment to this facility. The subject lease features favorable 3.00% 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 boasts 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 it a mission-critical location for industrial operations.

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Donnie Jarreau