INVESTMENT HIGHLIGHTS
- 10-Year Extension: The tenant, Boost Mobile, just executed a 10-year extension demonstrating long-term commitment to the site.
- Low Price Point: With a purchase price of $350,000, the subject property is a unique opportunity to acquire a long-term net lease asset below replacement cost.
- Opportunity Zone: Subject property is in an opportunity zone, providing additional tax benefits to potential investors (consult CPA).
- Retail Synergy: The Asset benefits from being strategically positioned near National Credit Retailers such as Family Dollar, CVS Pharmacy, Dollar Tree, Regions Bank, among others.
- Strong Demographics: Shreveport has a population of more than 129,000 within a 5-mile radius of the site.
- Major Thoroughfare: Boost Mobile is located ±2 miles from interstate 20 which sees over ±110,000 VPD.
- Points of Interest: Subject Property is located within close proximity of major traffic drivers to the Region such as Shreveport Regional Airport, Barksdale AFB, and Independence Stadium
- Major Medical Hub: Shreveport is home to multiple renowned Healthcare Facilities including LSU Health Shreveport, Specialists Hospital Shreveport, and University Health Shreveport.
Cap Rate
8.55%
Price Per SF
$88
Gross SQFT
4,000
Year Built
2006
Leasable Area
4,000 SF
Term Remaining
±10 yrs
NOI
$29,940
Property Type
Retail
Broker of Record
- Donnie Jarreau
- License No. BROK.995704351-CORP (LA)
- (866) 889-0550
- Jarreau Real Estate
- 16173 Perkins Road Baton Rouge,
LA 70810