1535 Wilkinson St - Freestanding FOR SALE


Shreveport, LA 71103- Highland/Stoner Hill
$711,000 USD
949-903-8099
1535 Wilkinson St, Shreveport, LA for Sale
$711,000 USD
Freestanding - FOR SALE
1/4
null | 6.71% Cap Rate

1535 Wilkinson St
Shreveport, LA 71103
Highland/Stoner Hill


HIGHLIGHTS

  • Recent Lease Extension | Long-Term Historical Occupancy | Annual Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Interstate 20 (107,500 VPD) | Industrial Corridor |Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Tenant has been at the site since 1964, demonstrating long-term commitment • The lease features 3% annual increases throughout the initial term and FMV increases in the remaining option period • The tenant Wesco Distribution, Inc., has approximately 4 years remaining on its lease, with 1 (5-year) option to extend • Wesco, a publicly traded company headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain solutions • Ideal Functionality: Two dock high loading docks, 1 ramp, all concrete site, fenced secured yard for outdoor storage, fully insulated building • Below market rent ($4.35 PSF) and only $64.87 PSF, which is far below replacement cost

FOR SALE DETAILS

PRICE

$711,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

6.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wesco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

C-4

APN/PARCEL ID

171412-006-0035-00

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

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