Share This Listing

Message

926 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

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

Save this listing!

Favourite this listing to get notified of price updates, new media and more

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.

ATTACHMENTS

View Full OM

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

Anytime Fitness
Navy Federal Credit Union
Checkers
Rent-A-Center
Chili's Grill & Bar
Market Basket Food Stores

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
011-129-7855
Land Assessment
$84,691 CAD
Improvements Assessment
$116,898 CAD
Total Assessment
$201,589 CAD
  • Listing ID: 32307362

  • Date on Market: 2024-07-01

  • Last Updated:

  • Address: 1111 Boone St, Leesville, LA 71446

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}