Rare NNN Lease | Net Lease Investment Opportunity | 8% Cap Rate | Shreveport, LA
4923 Monkhouse Dr
Shreveport, LA 71109
Highlights
- RARE ABSOLUTE NNN LEASE: Over 4 years remaining on the initial term with several options and increases.
- PROVEN STORE PERFORMANCE: In top 30% in store sales in US per Placer.ai.
- STRATEGIC LOCATION: Located just off the Interstate 20 ramp and close to the Shreveport Regional Airport with combined traffic counts OVER 54K VPD.
- EXCELLENT CURB APPEAL: Attractive upgraded ±8,320 SF store on ±1.12 acres.
- MAJOR RETAIL CORRIDOR: National brand hotels and retailers nearby.
- LARGE METRO AREA: Shreveport is the 3rd largest city in LA with a 5-mile population of just under 90,000 and average household income over $65K.
- MAJOR AREA EMPLOYERS: Barksdale AFB, the largest employer (over 9,000 employees), Ochsner, LSU and Willis-Knighton medical centers (13K employees), General Electric, Gaming industry venues, Casino, along with major universities.
- STRONG CORPORATE GUARANTOR: Family Dollar with over 7,000 stores nationwide.
Description
BEST VALUE NNN on the MARKET! This successful absolute NNN Family Dollar is offered at $1,595,000 or an extraordinary 8% cap rate. This upgraded, established store is located just off Interstate 20, near the Shreveport Regional Airport. Combined traffic counts are over 54,000 VPD.
Placer.ai ranks this location in the top 30% nationwide in store sales as compared to other Family Dollars along with 3.5% year-over-year growth in store sales!
Major hotel chains nearby include Best Western, Days Inn, Residence Inn, Economy Inn, and Super 8. Shreveport is also near Barksdale Air Force Base, the largest employer in the Shreveport-Bossier City MSA, which includes other major employers - LSU-Shreveport, Louisiana Tech, Southern University, Centenary College, and many national retailers and casinos.
This strong performing store has a five-mile population just under 90,000 and average household income over $65K. The remaining initial absolute NNN lease term is over 4 years with 6 five-year renewal options with 10% rent increases in each option period.
Family Dollar has over 7,000 locations throughout the U.S. This rare true NNN location is offered for $1,595,000 or an 8% cap rate.
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