4923 Monkhouse Dr - Freestanding FOR SALE


Shreveport, LA 71109- Country Club Hills-Lakeshore
$1,505,000 USD
678-613-7327
4923 Monkhouse Dr, Shreveport, LA for Sale
$1,505,000 USD
Freestanding - FOR SALE
1/10
null | 7.73% Cap Rate

4923 Monkhouse Dr
Shreveport, LA 71109
Country Club Hills-Lakeshore


HIGHLIGHTS

  • AGGRESSIVE 8.3%+ average cap rate for the remaining 6 years of the term based on April 2026 rent increase of 10%.
  • TOP THIRD in the U.S. in store sales per Placer.ai with a year-over-year increase in sales of 3.5%!
  • TRAFFIC COUNTS OVER 60K VPD with store located just off Interstate-20 off ramp and near the Shreveport Regional Airport.
  • LARGE METRO AREA - Shreveport is the 3rd largest city in LA with a 5-mile population of over 90,000 and average household income just over $59K.
  • Strong corporate guarantor, Family Dollar, a subsidiary of Dollar Tree with a BBB- investment grade rating. Louisiana License #: 0095683059

OVERVIEW

This rare, absolute NNN Family Dollar located in Shreveport, the 3rd largest city in Louisiana, has a major price reduction to $1,505,000 which is a 7.7% cap rate. Combined with a 10% rent increase in April of 2026, the average cap rate for the remaining initial 15-year lease term is over 8.3%! Placer.ai ranks this location in the top third for store sales as compared to other Family Dollars nationwide with 3.5% year-over-year growth in store sales! Family Dollar is strategically located just off the exit ramp of Interstate 20, near the Shreveport Regional Airport with combined traffic counts of over 54,000 VPD. Major hotel chains nearby include Best Western, Days Inn, Residence Inn, Economy Inn, and Super 8. The 15-year NNN lease has 6 years remaining on the initial term with an upcoming 10% rent increase in April 2026. There are 6 five year renewal options with 10% rent increases in each option period and current rents/SF are only $13.98! Shreveport, located in NW Louisiana 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 retailers and casinos. The five-mile population is over 90,000 and average household income is just over $59K. This successful location has a strong corporate guaranty by Family Dollar, a subsidiary of Dollar Tree with over 16,000 locations throughout the U.S.

FOR SALE DETAILS

PRICE

$1,505,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

7.73%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare NNN Lease | Net Lease Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

B-3

APN/PARCEL ID

171417-065-0001-00

ASK ABOUT THIS PROPERTY

Nancy MillerBull Realty Inc.More Info
678-613-7327

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Nancy MillerBull Realty Inc.More Info
678-613-7327

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