Rare NNN Lease | Net Lease Investment Opportunity | 7.2% Cap Rate
4923 Monkhouse Drive
Shreveport, LA 71109
Highlights
- Rare ABSOLUTE NNN lease with almost 7 years remaining in the initial term with 6 five-year renewal options
- Competitively priced at a 7.2% cap rate with a blended average cap rate of 7.7% after the upcoming April 2026 rent increase
- Attractive upgraded stucco façade on a large, 1+ acre corner parcel
- Busy location just off I-20 with combined traffic counts of over 65K VPD
- Major hotels and retailers in the immediate area with other area employers including Barksdale AFB, Ochsner/ LSU Health System, major universities and large gaming venues
- Shreveport is the 3rd largest city in LA with a 5-mile population of over 91,000 and average household income just under $60K
- Strong corporate guarantor, Family Dollar, a subsidiary of Dollar Tree with a BBB- investment grade rating
- Louisiana License #: 0095683059
Description
This rare, absolute NNN Family Dollar in Shreveport, the 3rd largest city in Louisiana, is located on a large 1+ acre corner parcel just off Interstate 20, near the Shreveport Regional Airport, with combined traffic counts of over 65,000 VPD. It is surrounded by major hotel chains including Best Western, Days Inn, Residence Inn, Economy Inn, and Super 8.
The ±8,320 SF store features an attractive upgraded stucco façade. This is a rare opportunity for a higher investor return due to the upcoming 10% rent increase in April 2026 (11th year of the lease term). The asking cap rate is 7.2%, with a blended cap rate for the remaining initial 6.75-year term of over 7.7% with 6 five year options remaining! The current rent/SF is only $13.98!
Shreveport, located in NW Louisiana is known as a center of culture, commerce, and entertainment. It is home to Barksdale Air Force Base, the largest employer in the Shreveport-Bossier City MSA, along with other large employers including LSU Shreveport, Louisiana Tech, Southern University, Centenary College, and many national and regional casinos. The five-mile population is over 91,000 and average household income is almost $60K.
This established and successful location has a strong corporate guaranty by Family Dollar, a subsidiary of Dollar Tree with over 16,000 locations throughout the US.
This property is located in Shreveport, LA which falls within Caddo County.
