117 N Service Rd E - Retail FOR SALE


Ruston, LA 71270
$1,746,000 USD
470-344-2586
117 N Service Rd E, Ruston, LA for Sale
$1,746,000 USD
Retail - FOR SALE
1/7
null | 6.5% Cap Rate

117 N Service Rd E
Ruston, LA 71270


HIGHLIGHTS

  • 6+ Years Remaining | Annual Rental Increases | Options to Extend
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Outparcel to North Park Mall Shopping Center | Louisiana Tech University
  • Signalized, Hard Corner Intersection | Directly off Interstate 20
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• The tenant currently has 6+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features annual rental increases of 1.50% throughout the initial term and options thereafter, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$1,746,000 USD

PRICE/SF

$466 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SouthStar Urgent Care - Shreveport (Ruston)

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

280

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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