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SouthStar Urgent Care - Shreveport (Many) LA 160 San Antonio Ave 3,800 SF Retail Building Many, LA 71449 $1,744,000 ($458.95/SF) 6.50% Cap Rate
Investment Highlights
- 3.5 Years Remaining | Annual Rental Increases | Options To Extend
- Nearby National/Credit Tenants | Retail Corridor
- Highly Trafficked Corrdor | Excellent Frontage Visibility
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Stable Consumer Base | Established Employment Hub | Strong Local Demographic
Executive Summary
• The tenant currently has 3.5 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
3,800 SF
Building Class
B
Year Built
2019
Price
$1,744,000
Price Per SF
$458.95
Cap Rate
6.50%
NOI
$113,337
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.67 AC
Parking
23 Spaces (6.05 Spaces per 1,000 SF Leased)
Frontage
242’ on San Antonio Ave
Amenities
- Corner Lot
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 0043126501A | Improvements Assessment | $72,449 |
| Land Assessment | $18,425 | Total Assessment | $90,874 |
Property Taxes
Parcel Number
0043126501A
Land Assessment
$18,425
Improvements Assessment
$72,449
Total Assessment
$90,874
Contacts
-
Michael Berk -
Sabrina Sapienza -
Chip Watson -
Joe Hewes -
SRS Real Estate Partners
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SouthStar Urgent Care - Shreveport (Many) LA | 160 San Antonio Ave
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