This property is Off-Market
3301 Bert Kouns Industrial Loop
Shreveport, LA 71118 ·
2,560 SF · Retail For Sale
|Building Size||2,560 SF||Tenancy||Single|
|Property Type||Retail||Year Built||2000|
|Property Sub-type||Service/Gas Station||Lot Size||30,950 SF|
|Property Use Type||Investment|
|Listing ID: 14827683||Date Created: 10/06/2006||Last Updated: 12/28/2006|
This investment is a true NNN lease, as the tenant pays all expenses. The lease is a 17-year NNN lease and commences at close of escrow. The property has an initial cap rate of 7.25%. The new lease includes rent increases of 5% every 5 years. There is one 3-year option, then four 5-year options and then two 10-year market options.
At Circle K, their mission is to be the best place to shop, work, and invest. Their stores are known around the world for offering busy consumers a wide variety of quality products and services in a fast, friendly, and clean environment.
Each Circle K location features an award-winning brand of the Freshest Coffee Going®, ThirstBuster® fountain drinks, beer, snacks, candy, a telecommunications center, and general merchandise. Most locations are also co-branded with a quality gasoline product from such well known brands as 76®, Conoco®, Phillips®, Exxon®, and Mobil®.
This Circle K Gas & Convenience Store is located at the signaled intersection of Bert Kouns Industrial Loop and Dean Road in Shreveport, Louisiana. Bert Kouns Industrial Loop is also known as State Highway 526. Shreveport Regional Airport is approximately 9 miles away and South Park Mall is less than 3 miles away. As a result of this excellent location, the traffic count in the immediate surrounding area is over 18,000 cars per day.
The subject property is located near many local and national commercial establishments. There are several residential apartment complexes and churches in the immediate surrounding area.
- 17-year NNN lease
- Located at the signaled intersection of Bert Kouns Industrial Loop and Dean Road in Shreveport, Louisiana
- Rent increases 5% every 5 Years
- Bert Kouns Industrial Loop is also known as State Highway 526
- 7.25% Cap Rate- attractive yield
- Traffic count in the immediate surrounding area is over 18,000 cars per day
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