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SouthStar Urgent Care - Shreveport (Ruston) 117 N Service Rd E 3,750 SF Retail Building Ruston, LA 71270 $1,746,000 ($465.60/SF) 6.50% Cap Rate
Investment Highlights
- 6+ Years Remaining | Annual Rental Increases | Options to Extend
- Outparcel to North Park Mall Shopping Center | Louisiana Tech University
- Strong Demographics in 5-mile Trade Area
- NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized, Hard Corner Intersection | Directly off Interstate 20
Executive Summary
• The tenant currently has 6+ 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
B
Year Built
2020
Price
$1,746,000
Price Per SF
$465.60
Cap Rate
6.50%
NOI
$113,520
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.30 AC
Parking
12 Spaces (3.2 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Nearby Major Retailers
Property Taxes
| Parcel Number | 280 | Improvements Assessment | $80,801 |
| Land Assessment | $27,721 | Total Assessment | $108,522 |
Property Taxes
Parcel Number
280
Land Assessment
$27,721
Improvements Assessment
$80,801
Total Assessment
$108,522
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SouthStar Urgent Care - Shreveport (Ruston) | 117 N Service Rd E
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