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Wesco - Absolute NNN 1535 Wilkinson St 10,961 SF Retail Building Shreveport, LA 71103 $700,000 ($63.86/SF) 7.02% Cap Rate
Investment Highlights
- Recent Lease Extension | Long-Term Historical Occupancy | Annual Rental Increases
- Interstate 20 (107,500 VPD) | Industrial Corridor |Strong National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 10-Mile Trade Area
Executive Summary
• Tenant has been at the site since 1964, demonstrating long-term commitment
• The lease features 3% annual increases throughout the initial term and FMV increases in the remaining option period
• The tenant Wesco Distribution, Inc., has approximately 3 years remaining on its lease, with 1 (5-year) option to extend
• Wesco, a publicly traded company headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain solutions
• Ideal Functionality: Two dock high loading docks, 1 ramp, all concrete site, fenced secured yard for outdoor storage, fully insulated building
• Below market rent ($4.35 PSF) and only $64.87 PSF, which is far below replacement cost
• New metal roof with warranty
• The lease features 3% annual increases throughout the initial term and FMV increases in the remaining option period
• The tenant Wesco Distribution, Inc., has approximately 3 years remaining on its lease, with 1 (5-year) option to extend
• Wesco, a publicly traded company headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain solutions
• Ideal Functionality: Two dock high loading docks, 1 ramp, all concrete site, fenced secured yard for outdoor storage, fully insulated building
• Below market rent ($4.35 PSF) and only $64.87 PSF, which is far below replacement cost
• New metal roof with warranty
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,961 SF
Building Class
C
Year Built
1964
Price
$700,000
Price Per SF
$63.86
Cap Rate
7.02%
NOI
$49,111
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.72 AC
Zoning
C-4
Parking
17 Spaces (1.55 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 171412-006-0035-00 | Improvements Assessment | $6,927 |
| Land Assessment | $5,010 | Total Assessment | $11,937 |
Property Taxes
Parcel Number
171412-006-0035-00
Land Assessment
$5,010
Improvements Assessment
$6,927
Total Assessment
$11,937
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Wesco - Absolute NNN | 1535 Wilkinson St
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