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Rare NNN Net Lease Investment Opportunity 4923 Monkhouse Dr 8,320 SF Retail Building Shreveport, LA 71109 $2,243,734 CAD ($269.68 CAD/SF) 8.02% Cap Rate
Investment Highlights
- RARE ABSOLUTE NNN LEASE: Over 4 years remaining on the initial term with several options and increases.
- STRATEGIC LOCATION: Located just off the Interstate 20 ramp and close to the Shreveport Regional Airport with combined traffic counts OVER 54K VPD.
- LARGE METRO AREA: Shreveport is the 3rd largest city in LA with a 5-mile population of just under 90,000 and average household income over $65K.
- PROVEN STORE PERFORMANCE: In top 30% in store sales in US per Placer.ai.
- EXCELLENT CURB APPEAL: Attractive upgraded ±8,320 SF store on ±1.12 acres. | MAJOR RETAIL CORRIDOR: National brand hotels and retailers nearby.
- STRONG CORPORATE GUARANTOR: Family Dollar with over 7,000 stores nationwide.
Executive Summary
BEST VALUE NNN on the MARKET! This successful absolute NNN Family Dollar is offered at $1,595,000 or an extraordinary 8% cap rate. This upgraded, established store is located just off Interstate 20, near the Shreveport Regional Airport. Combined traffic counts are over 54,000 VPD.
Placer.ai ranks this location in the top 30% nationwide in store sales as compared to other Family Dollars along with 3.5% year-over-year growth in store sales!
Major hotel chains nearby include Best Western, Days Inn, Residence Inn, Economy Inn, and Super 8. Shreveport is also near Barksdale Air Force Base, the largest employer in the Shreveport-Bossier City MSA, which includes other major employers - LSU-Shreveport, Louisiana Tech, Southern University, Centenary College, and many national retailers and casinos.
This strong performing store has a five-mile population just under 90,000 and average household income over $65K. The remaining initial absolute NNN lease term is over 4 years with 6 five-year renewal options with 10% rent increases in each option period.
Family Dollar has over 7,000 locations throughout the U.S. This rare true NNN location is offered for $1,595,000 or an 8% cap rate.
Placer.ai ranks this location in the top 30% nationwide in store sales as compared to other Family Dollars along with 3.5% year-over-year growth in store sales!
Major hotel chains nearby include Best Western, Days Inn, Residence Inn, Economy Inn, and Super 8. Shreveport is also near Barksdale Air Force Base, the largest employer in the Shreveport-Bossier City MSA, which includes other major employers - LSU-Shreveport, Louisiana Tech, Southern University, Centenary College, and many national retailers and casinos.
This strong performing store has a five-mile population just under 90,000 and average household income over $65K. The remaining initial absolute NNN lease term is over 4 years with 6 five-year renewal options with 10% rent increases in each option period.
Family Dollar has over 7,000 locations throughout the U.S. This rare true NNN location is offered for $1,595,000 or an 8% cap rate.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2016
Price
$2,243,734 CAD
Price Per SF
$269.68 CAD
Cap Rate
8.02%
NOI
$179,969 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.12 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 171417-065-0001-00 | Improvements Assessment | $233,166 CAD |
| Land Assessment | $47,986 CAD | Total Assessment | $281,152 CAD |
Property Taxes
Parcel Number
171417-065-0001-00
Land Assessment
$47,986 CAD
Improvements Assessment
$233,166 CAD
Total Assessment
$281,152 CAD
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Rare NNN Net Lease Investment Opportunity | 4923 Monkhouse Dr
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