1203-1295 Shreveport Barksdale Hwy - Department Store FOR SALE


$32,800,000 USD
318-666-5753
1203-1295 Shreveport Barksdale Hwy, Shreveport, LA for Sale
$32,800,000 USD
Department Store - FOR SALE
1/4
null | 7% Cap Rate

1203-1295 Shreveport Barksdale Hwy
Shreveport, LA 71105
Broadmoor/Anderson Island/Shreve Isle


HIGHLIGHTS

  • 339,338-Square-Foot, Multi-Tenant Community Center
  • Shadow-Anchored by Walmart
  • 87% Occupied | Comprised of Triple-Net, Gross, and Base Year Leases | Seven Tenants have Percentage Rent Clauses | Significant Upside Potential

OVERVIEW

Owner is pleased to present the opportunity to acquire a 339,338-square-foot, multi-tenant community center that is shadow-anchored by Walmart in Shreveport, Louisiana. Shreve City Shopping Center is currently 87 percent occupied with a combination of triple-net, gross, and base year leases providing significant upside potential. The tenant base is a complementary mix of national and local tenants. Anchored by Burlington Coat Factory, other tenants include Dollar Tree, Big Lots, Citi Trends, Goodwill, Crazy Hot Deals, Rainbow, New Ink, Daiquiri Express, What's on Tap, Roses, Delta Pathology, Hair Salon, Ocean Dental, Mariner Finance, Guy's Academy, Vape Shop, California Nail Salon, and a Wendy's pad site. Additional income is derived from a long-term billboard lease. The center was constructed in 1961 and is situated on two land parcels totaling 28.75 acres with ample paved parking. Recent property improvements include a new roof with a 20-year warranty and all new LED parking lot lights. Shreve City Shopping Center is located on Shreveport Barksdale Highway near the signalized intersection with Knight Street and has multiple ingress and egress points. Cumulative traffic counts are approximately 18,429 vehicles per day. The subject property is located near many national and regional retailers, including McDonald's, Enterprise Rent-A-Car, Metro by T-Mobile, Church's Chicken, Dollar General, Popeye's, Pizza Hut, Wingstop, AutoZone, Domino's, CVS, Walgreen's, Brookshire's and more. The property is in close proximity to Barksdale Airforce Base, with a population of approximately 14,581 active duty members, reservists, and civilians. The city is also home to Ochsner-LSU Health, a public university focused on health sciences composed of three different schools: the School of Medicine, School of Graduate Studies, and School of Allied Health Professions.

FOR SALE DETAILS

PRICE

$32,800,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shreve City Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

2884

LAND DETAILS

CROSS STREETS

Shreveport Barksdale Hwy & Knights

LAND ACRES

28.75 AC

LAND SF

1,252,350 SF

ZONING

B-3, Shreveport

APN/PARCEL ID

171309-061-0001-00,171309-061-0002-00

ASK ABOUT THIS PROPERTY

Bo AveryTriMarsh Properties, LLCMore Info
318-666-5753

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Bo AveryTriMarsh Properties, LLCMore Info
318-666-5753

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.