6101 W 70th St - Drug Store FOR SALE


Shreveport, LA 71129
$3,250,000 USD
619-297-0055
6101 W 70th St, Shreveport, LA for Sale
$3,250,000 USD
Drug Store - FOR SALE
1/2
null | 10% Cap Rate

6101 W 70th St
Shreveport, LA 71129


HIGHLIGHTS

  • Over 12 million square feet of industrial space in a 5-mile radius including major companies like Hyundai and FedEx.
  • Opposite corner to CVS and next Walgreens 4.4 miles away making this a strategic location for both Walgreens and CVS.
  • There are 844 multifamily units within the immediate 1-mile radius.
  • Centrally located between 3major interstates connecting Shreveport to Dallas/Ft. Worth, TX, Baton Rouge/New Orleans, LA and west to Jackson, MS.
  • Within two blocks of the property are located a high school, junior high and elementary school with a combined 2,481 students.
  • The Property is located in a designated Opportunity Zone.

OVERVIEW

We are pleased to market for sale the Walgreens property located at 6101 West 70th Street in Shreveport, Louisiana ("The Property"). Walgreens has been successfully operating at this location for 21 years and has approximately 4 years of firm term remaining before the option periods on an absolute net lease with no landlord obligations whatsoever. Walgreens has 10 (5 year) options to extend their lease. This Property offers investors an opportunity to purchase a sizable national tenant chain at a healthy return in a growing industrial trade area. In the past five years, multiple major employers have invested over $230 million in manufacturing and distribution facilities in the immediate 5-mile trade radius. In 2021, Amazon built a $200 million major robotics fulfillment center creating 1,118 jobs and is set to open a 2nd distribution facility in Spring 2024. Hyundai Glovis and Prolec GE USA have been stable employers in the market, and recently expanded their operations creating an additional 462 jobs. The Property has 844 multifamily units within 1-mile and is situated in a major retail corridor anchored by Walmart Supercenter and Home Depot. Heritage Manor West, less than a mile southeast, is a skilled nursing facility that has 140 beds. Located adjacent to US Interstate 20 (±99,989 VPD), the Property has direct access to downtown Shreveport to the east, and connects to Dallas, TX to the west. Listed in conjunction with Brian Brockman, Bang Realty, wg@bangrealty.com, 513-898-1551, LA DRE Lic. BROK.0995684990-ASA.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dense Industrial Near 3 Interstates 10.00 CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

-

APN/PARCEL ID

171525-038-0001-00

ASK ABOUT THIS PROPERTY

Chris BarryPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Chris BarryPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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