1111 Boone St - Freestanding FOR SALE


Leesville, LA 71446
$3,360,000 USD
646-841-0631
1111 Boone St, Leesville, LA for Sale
$3,360,000 USD
Freestanding - FOR SALE
1/1
null | 8% Cap Rate

1111 Boone St
Leesville, LA 71446


HIGHLIGHTS

  • Strong Tractor Supply Corporate Credit Anchor
  • National Brand Co-Tenancy NAPA and Goodwill
  • Below Market Rents
  • Passive NNN Structure
  • Walmart & Lowe’s Shadow Anchored
  • Key Economic Drivers - Fort Johnson and Toledo Bend Reservoir

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,360,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Co., NAPA, & Goodwill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

Commercial

APN/PARCEL ID

011-129-7855

ASK ABOUT THIS PROPERTY

Josh PardueNorthmarqMore Info
646-841-0631

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Josh PardueNorthmarqMore Info
646-841-0631

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