Petco & Boot Barn - Shreveport, LA 6596 & 6590 Youree Drive 29,000 SF 100% Leased Retail Building Shreveport, LA 71105 $8,851,995 CAD ($305.24 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- High Yield (7.50% Cap Rate) & Low Cost Per Square Foot Opportunity ($220 PSF)
- 100% Leased Asset With 5.5+ Years Remaining on Current Lease Term With Both Tenants
- Strong Rental Increases of 10% at the Option Periods, Providing Hedge For Inflation
- Both Tenants Feature Low Rents Providing Future Security to New Investors
- Each Tenant Exercised Their Options Early Demonstrating Confidence in the Location
- Seller to Deliver Property With Brand New Roof - Reducing Potential Near Term Capital Expenditures For New Investor
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Present Exclusively For Sale the Two Tenant Petco & Boot Barn Property, Located Within the Highly Desirable Bayou Walk Shopping Center at the Intersection of Youree Drive & E 70th Street in Shreveport, LA. Bayou Walk Shopping Center Features a Strong Destination Location With Adjacent Retailers Including Kroger, Barnes & Noble, Old Navy, JoAnn Fabric and More. Both Boot Barn & Petco Recently Exercised Their Options Early, Demonstrating Confidence in the Location. With 5.5+ Years Remaining For Each Tenant & Strong Rental Increases at Each Option Period, This Asset Offers an Investor a Stable Investment With Attractive Rental Growth in the Future. Offered at a 7.50% Cap Rate With Low Existing Lease Rates, This is a Rare Opportunity to Acquire a High Yielding Investment at a Low-Cost Per Square Foot.
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BOR: Andrew Ackerman Lic. LA #BROK.0995700567-ACT
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BOR: Andrew Ackerman Lic. LA #BROK.0995700567-ACT
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
29,000 SF
Year Built
1997
Price
$8,851,995 CAD
Price Per SF
$305.24 CAD
Cap Rate
7.50%
NOI
$663,705 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
2.73 AC
Parking
65 Spaces (2.24 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Boot Barn
- Retailer
- 11,000 SF
- $26.86 CAD
- Double Net
- Nov 2030
- Petco
- Retailer
- 18,000 SF
- $21.51 CAD
- Double Net
- Sep 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Boot Barn | Retailer | 11,000 SF | $26.86 CAD | Double Net | Nov 2030 | |
| Petco | Retailer | 18,000 SF | $21.51 CAD | Double Net | Sep 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 171329-063-0001-00 | Improvements Assessment | $315,650 CAD |
| Land Assessment | $106,245 CAD | Total Assessment | $421,895 CAD |
