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Tractor Supply Co., NAPA, & Goodwill 1111 Boone St 52,179 SF 100% Leased Retail Building Leesville, LA 71446 $4,718,210 CAD ($90.42 CAD/SF) 7.95% Cap Rate

INVESTMENT HIGHLIGHTS
- Strong Tractor Supply Corporate Credit Anchor
- Below Market Rents
- Walmart & Lowe’s Shadow Anchored
- National Brand Co-Tenancy NAPA and Goodwill
- Passive NNN Structure
- Key Economic Drivers - Fort Johnson and Toledo Bend Reservoir
EXECUTIVE SUMMARY
Northmarq, as the exclusive broker, is proud to present the opportunity to purchase a multi-tenant retail strip center located at 1111 Boone St, in Leesville, Louisiana (the “Property”).
The Property is leased to a mix of strong national tenants: Tractor Supply Co., NAPA Auto Parts, and Goodwill, with additional income from an ATM leased to USAA.
All of the tenants have been operating at the property for 10+ years. Tractor Supply has renewed their lease for 5 years and both NAPA and Goodwill have extended, all with the contractual rent increase, showing a commitment to the site.
The Property is located adjacent to Walmart and Lowe’s, right off of Highway 171, the main retail corridor in the city. Leesville is a city located on U.S. Highway 171 between Shreveport and Lake Charles, just 50 miles west of Alexandria. The city is the parish seat of Vernon Parish, Louisiana. Leesville is the home of the U. S. Army’s Fort Johnson and the Joint Readiness Training Center (JRTC). Leesville is located near the picturesque Toledo Bend Reservoir, with its 1,200 miles of shoreline and large variety of recreational activities providing residents and visitors with easy access to fishing, boating, camping, and other activities amidst stunning natural landscapes.
The Property is leased to a mix of strong national tenants: Tractor Supply Co., NAPA Auto Parts, and Goodwill, with additional income from an ATM leased to USAA.
All of the tenants have been operating at the property for 10+ years. Tractor Supply has renewed their lease for 5 years and both NAPA and Goodwill have extended, all with the contractual rent increase, showing a commitment to the site.
The Property is located adjacent to Walmart and Lowe’s, right off of Highway 171, the main retail corridor in the city. Leesville is a city located on U.S. Highway 171 between Shreveport and Lake Charles, just 50 miles west of Alexandria. The city is the parish seat of Vernon Parish, Louisiana. Leesville is the home of the U. S. Army’s Fort Johnson and the Joint Readiness Training Center (JRTC). Leesville is located near the picturesque Toledo Bend Reservoir, with its 1,200 miles of shoreline and large variety of recreational activities providing residents and visitors with easy access to fishing, boating, camping, and other activities amidst stunning natural landscapes.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
52,179 SF
Building Class
C
Year Built
2016
Price
$4,718,210 CAD
Price Per SF
$90.42 CAD
Cap Rate
7.95%
NOI
$375,223 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
5.00 AC
Zoning
Commercial - General retail center
Frontage
461’ on Boone Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 011-129-7855 | Improvements Assessment | $116,898 CAD |
| Land Assessment | $84,691 CAD | Total Assessment | $201,589 CAD |
PROPERTY TAXES
Parcel Number
011-129-7855
Land Assessment
$84,691 CAD
Improvements Assessment
$116,898 CAD
Total Assessment
$201,589 CAD
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Tractor Supply Co., NAPA, & Goodwill | 1111 Boone St
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