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South Park Animal Hospital - Shreveport, LA 2841 Meriwether Rd 2,802 SF Retail Building Shreveport, LA 71108 $454,054 ($162.05/SF) 9.25% Cap Rate
Investment Highlights
- Specialized buildout, including surgical rooms, advanced plumbing systems, drainage, and electrical infrastructure, that are costly and disruptive.
- Current rent of $15 PSF sits below many medical rents in the area of $20 PSF Triple Net (NNN), providing potential upside through future rental growth
- ?This is an Absolute NNN lease. Tenant is responsible for all expenses and replacements.
- The property is positioned in the Shreveport market, where surrounding residential density supports steady consumer demand for neighborhood veterinary
- South Park Animal Hospital has operated at this location for over a decade and serves the surrounding Shreveport community
- The tenant’s investment in medical equipment and interior buildout creates high relocation costs, encouraging long-term occupancy and tenant retention
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 2,802 SF South Park Animal Hospital located at 2841 Meriwether Road in Shreveport, LA. This deal includes a well-established veterinary clinic with a long-standing operating history and a built-in tenant infrastructure that supports continued occupancy and the property features a specialized medical buildout, including surgical rooms, advanced plumbing systems, drainage, and upgraded electrical infrastructure, all of which are costly and disruptive to replicate. This high level of customization creates strong tenant retention and reduces the likelihood of relocation.
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
2,802 SF
Building Class
C
Year Built
1996
Price
$454,054
Price Per SF
$162.05
Cap Rate
9.25%
NOI
$42,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
3.51 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- South Park Animal Hospital
- Professional, Scientific, and Technical Services
- -
- $14.99
- Triple Net
- Apr 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| South Park Animal Hospital | Professional, Scientific, and Technical Services | - | $14.99 | Triple Net | Apr 2031 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Applebee's
Property Taxes
| Parcel Number | 171433-001-0016-00 | Improvements Assessment | $10,890 |
| Land Assessment | $4,401 | Total Assessment | $15,291 |
Property Taxes
Parcel Number
171433-001-0016-00
Land Assessment
$4,401
Improvements Assessment
$10,890
Total Assessment
$15,291
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South Park Animal Hospital - Shreveport, LA | 2841 Meriwether Rd
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