6596 & 6590 Youree Drive - Storefront FOR SALE


Shreveport, LA 71105
$6,600,000 USD
310-853-1419
6596 & 6590 Youree Drive, Shreveport, LA for Sale
$6,600,000 USD
Storefront - FOR SALE
1/5
null | 7.25% Cap Rate

6596 & 6590 Youree Drive
Shreveport, LA 71105


HIGHLIGHTS

  • High Yield (7.25% Cap Rate) & Low Cost Per Square Foot Opportunity ($227.59 PSF)
  • Both Tenants Feature Low Rents Providing Future Security to New Investors
  • 100% Leased Asset With 6+ Years Remaining on Current Lease Term With Both Tenants
  • Each Tenant Exercised Their Options Early Demonstrating Confidence in the Location
  • Strong Rental Increases of 10% at the Option Periods, Providing Hedge For Inflation
  • Seller to Deliver Property With Brand New Roof - Reducing Potential Near Term Capital Expenditures For New Investor

OVERVIEW

Sands Investment Group is Pleased to Present Exclusively For Sale the Two Tenant Petco & Boot Barn Property, Located Within the Highly Desirable Bayou Walk Shopping Center at the Intersection of Youree Drive & E 70th Street in Shreveport, LA. Bayou Walk Shopping Center Features a Strong Destination Location With Adjacent Retailers Including Kroger, Barnes & Noble, Old Navy, JoAnn Fabric and More. Both Boot Barn & Petco Recently Exercised Their Options Early, Demonstrating Confidence in the Location. With 6+ Years Remaining For Each Tenant & Strong Rental Increases at Each Option Period, This Asset Offers an Investor a Stable Investment With Attractive Rental Growth in the Future. Offered at a 7.25% Cap Rate With Low Existing Lease Rates, This is a Rare Opportunity to Acquire a High Yielding Investment at a Low-Cost Per Square Foot.  In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BOR: Andrew Ackerman Lic. LA #BROK.0995700567-ACT

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$228 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Petco & Boot Barn - Shreveport, LA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Veterinarian/Kennel, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2.73 AC

LAND SF

118,919 SF

ZONING

-

APN/PARCEL ID

171329-063-0001-00

ASK ABOUT THIS PROPERTY

Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

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Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

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