4923 Monkhouse Dr - Freestanding FOR SALE


Shreveport, LA 71109- Country Club Hills-Lakeshore
$1,595,000 USD
678-613-7327
4923 Monkhouse Dr, Shreveport, LA for Sale
$1,595,000 USD
Freestanding - FOR SALE
1/12
null | 8.02% Cap Rate

4923 Monkhouse Dr
Shreveport, LA 71109
Country Club Hills-Lakeshore


HIGHLIGHTS

  • RARE ABSOLUTE NNN LEASE: Over 4 years remaining on the initial term with several options and increases.
  • PROVEN STORE PERFORMANCE: In top 30% in store sales in US per Placer.ai.
  • STRATEGIC LOCATION: Located just off the Interstate 20 ramp and close to the Shreveport Regional Airport with combined traffic counts OVER 54K VPD.
  • EXCELLENT CURB APPEAL: Attractive upgraded ±8,320 SF store on ±1.12 acres. | MAJOR RETAIL CORRIDOR: National brand hotels and retailers nearby.
  • 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.
  • STRONG CORPORATE GUARANTOR: Family Dollar with over 7,000 stores nationwide.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

8.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare NNN Net Lease Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

-

APN/PARCEL ID

171417-065-0001-00

ASK ABOUT THIS PROPERTY

Nancy MillerBull Realty Inc.More Info
678-613-7327

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

Nancy MillerBull Realty Inc.More Info
678-613-7327

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