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SouthStar Urgent Care - Shreveport (Minden) 1034 Homer Rd 3,750 SF Retail Building Minden, LA 71055 $1,993,000 ($531.47/SF) 6.50% Cap Rate
Investment Highlights
- 5.5 Years Remaining | Annual Rental Increases | Options To Extend
- Nearby National/Credit Tenants | Retail Corridor
- Strong Demographics In 5-mile Trade Area
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Highly Trafficked Corridor | Excellent Frontage Visibility & Access
Executive Summary
• The tenant currently has 5.5 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
• The lease features annual rental increases of 1.50% throughout the initial term and options thereafter, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,750 SF
Building Class
C
Year Built
2019
Price
$1,993,000
Price Per SF
$531.47
Cap Rate
6.50%
NOI
$129,548
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.75 AC
Zoning
HC - Highway Commercial
Parking
36 Spaces (9.6 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 114014A | Improvements Assessment | $67,200 |
| Land Assessment | $22,000 | Total Assessment | $89,200 |
Property Taxes
Parcel Number
114014A
Land Assessment
$22,000
Improvements Assessment
$67,200
Total Assessment
$89,200
Contacts
-
Michael Berk -
Sabrina Sapienza -
Chip Watson -
Joe Hewes -
SRS Real Estate Partners
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SouthStar Urgent Care - Shreveport (Minden) | 1034 Homer Rd
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