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Stabilized Brookshire-Anchored Retail Center 3000 N Market St 88,205 SF 63% Leased Retail Building Online Auction Sale Shreveport, LA 71107



Investment Highlights
- North Market Place Shopping Center is a highly visible multi-tenant retail center anchored by Brookshire Grocery/Walgreens, Wingstop, and Subway.
- North Market Place offers a foundation of strong in-place income supported by established retailers, with the opportunity to increase occupancy.
- Positioned just off the intersection of US 71 and Interstate 220, with pylon signage on US 71 and exposure to a combined traffic count of 54,299 VPD.
- Supported by 54,346 daytime employees within 5 miles and 93,220 households with more than $2.3 billion in annual consumer spending within 10 miles.
Executive Summary
North Market Place Shopping Center is a 63%-leased retail center at a highly visible, signalized intersection in Shreveport. Anchored by nationally recognized tenants, including Brookshire Grocery/Walgreens, Wingstop, and Subway, the center benefits from an established retail presence while offering meaningful upside through lease-up potential. Its position at the crossroads of US 71 and Interstate 220 places the asset within a well-traveled commercial corridor that supports ongoing consumer activity and tenant exposure.
Located at a high-traffic corner, the shopping center features prominent pylon signage along US 71 and visibility to approximately 42,210 vehicles per day (VPD), with an additional 12,089 vehicles per day traveling on Ravendale Drive. Shadow-anchored by Whataburger and Pizza Hut outparcels, this helps sustain consistent customer traffic.
North Market Place Shopping Center is positioned within a market supported by strong consumer demand drivers. More than 54,346 daytime employees are located within a 5-mile radius, providing a substantial daytime customer base for retailers and service-oriented businesses. Within 10 miles, the area encompasses approximately 93,220 households with annual consumer spending exceeding $2.3 billion, creating a deep pool of purchasing power.
With established anchor tenancy and significant visibility from multiple traffic generators, North Market Place Shopping Center offers investors the ability to acquire a strategically located retail asset in a demand-supported trade area.
Property tours are by appointment only. Please contact the listing broker to schedule.
Property Listed By: Steve R. Reisig, CCIM | SRSA Real Estate | 14916.A-ACT
Located at a high-traffic corner, the shopping center features prominent pylon signage along US 71 and visibility to approximately 42,210 vehicles per day (VPD), with an additional 12,089 vehicles per day traveling on Ravendale Drive. Shadow-anchored by Whataburger and Pizza Hut outparcels, this helps sustain consistent customer traffic.
North Market Place Shopping Center is positioned within a market supported by strong consumer demand drivers. More than 54,346 daytime employees are located within a 5-mile radius, providing a substantial daytime customer base for retailers and service-oriented businesses. Within 10 miles, the area encompasses approximately 93,220 households with annual consumer spending exceeding $2.3 billion, creating a deep pool of purchasing power.
With established anchor tenancy and significant visibility from multiple traffic generators, North Market Place Shopping Center offers investors the ability to acquire a strategically located retail asset in a demand-supported trade area.
Property tours are by appointment only. Please contact the listing broker to schedule.
Property Listed By: Steve R. Reisig, CCIM | SRSA Real Estate | 14916.A-ACT
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
88,205 SF
Building Class
B
Year Built
1986
Percent Leased
63%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
12.00 AC
Parcel Number
181410-039-0015-00
Zoning
B-3 - General Business and Retail Uses
Parking
611 Spaces (6.93 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
1,585
12,953
55,554
2020 Population
1,760
13,803
55,528
2030 Population
1,521
12,564
55,329
2025-2030 Projected Population Growth
-4.0%
-3.0%
-0.4%
Daytime Employees
1,285
9,325
54,346
Total Businesses
131
949
6,238
Average Household Income
$73,598
$51,272
$59,437
Median Household Income
$47,727
$34,444
$39,909
Total Consumer Spending
$14.9M
$97.2M
$498.8M
Median Age
40.1
37.8
40.1
2025 Households
578
4,676
22,950
Percent College Degree or Above
9%
7%
9%
Average Home Value
$204,734
$142,753
$195,771
Nearby Major Retailers
About the Architect
Pat Williams
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Sale Advisors
David Rivers, Partner
David has been in the Commercial Real Estate industry since 2006. David spent the first 11 years of his career with Southeastern, a regional developer and commercial real estate brokerage firm. In 2011, David, Ryan McArdle and Steve Collins started the Investment Sales arm at Southeastern. Since 2011, this Team has close on over $500,000,000 in investment properties throughout the Southeast. In addition, David’s responsibilities and focus while at Southeastern also included development, site selection, project underwriting, securing construction loans, construction management, tenant representation (Restaurant/ Retail), landlord representation, leasing and property management. While at Southeastern David oversaw the development of over 800,000sf of retail totaling $111,500,000 in projects, managed 870,000sf of retail and office representing a combined value of $123,000,000, and brokered the sale or lease of properties totaling $610,000,000 in real estate value.
Prior to embarking on a career in Commercial Real Estate, David played five years of professional football at the quarterback position, this time included stints with the Oakland Raiders and Atlanta Falcons. David received a bachelor’s degree from the University of Virginia in the spring of 2000 and took graduate courses focused on business management at Western Carolina in the fall of 2000. While at UVA and Western Carolina David also lettered on the football teams.
David is married with three children, is a member of Trinity on the Hill Methodist Church, the Augusta Exchange Club, a CCIM candidate and a member of the International Council of Shopping Centers.International Council of Shopping Centers.
Prior to embarking on a career in Commercial Real Estate, David played five years of professional football at the quarterback position, this time included stints with the Oakland Raiders and Atlanta Falcons. David received a bachelor’s degree from the University of Virginia in the spring of 2000 and took graduate courses focused on business management at Western Carolina in the fall of 2000. While at UVA and Western Carolina David also lettered on the football teams.
David is married with three children, is a member of Trinity on the Hill Methodist Church, the Augusta Exchange Club, a CCIM candidate and a member of the International Council of Shopping Centers.International Council of Shopping Centers.
Ryan McArdle, Partner
Ryan, an alumnus of Clayton State University where he excelled as a collegiate soccer player, later graduated from Augusta University. His professional path led him to Southeastern Development Associates, a regional powerhouse in development and brokerage, where he immersed himself in the commercial real estate industry’s multifaceted dimensions, including site selection, development, leasing, management, and sales.
His tenure at Southeastern was marked by a collaborative effort with colleagues David Rivers and Steve Collins to establish the Investment Sales platform. Their collective vision and dedication elevated this platform from its nascent stages to a thriving multi-million dollar operation.
With a rich 17-year career spanning various sectors—retail, office, multifamily, and hospitality—Ryan’s vast experience culminated in a specialized focus on Investment Sales, a domain where he has excelled remarkably. Since 2011, he has been instrumental in facilitating investment sales transactions worth over $1 billion. This impressive track record led to his recognition on the Globe St. Real Estate Forum’s 50 Under 40 list in 2020.
Today, Ryan’s professional endeavors are singularly concentrated on Investment Sales. His strategic insight and unwavering commitment to this specialty have not only driven substantial financial success for his clients but also positioned him as a trusted advisor in the field.
Balancing his professional life, Ryan is a devoted father to seven children. He continues to serve his community as an active member of St. Mary on the Hill Catholic Church, a mentor and coach at the Augusta Arsenal Soccer Club, and an engaged member of Leadership Augusta. His philanthropic spirit is evident in his ongoing involvement with the Augusta Chapter of the Leukemia & Lymphoma Society, where he was honored as Man of the Year in 2015. Additionally, he maintains his connection to the broader industry as a member of The International Council of Shopping Centers.
As a Partner at Palomar, Ryan is resolute in his focus on optimizing the financial outcomes for investment sales. His approach is rooted in building enduring relationships based on mutual trust and a deep-seated knowledge of the investment landscape, ensuring that his clients’ interests are always at the forefront.
His tenure at Southeastern was marked by a collaborative effort with colleagues David Rivers and Steve Collins to establish the Investment Sales platform. Their collective vision and dedication elevated this platform from its nascent stages to a thriving multi-million dollar operation.
With a rich 17-year career spanning various sectors—retail, office, multifamily, and hospitality—Ryan’s vast experience culminated in a specialized focus on Investment Sales, a domain where he has excelled remarkably. Since 2011, he has been instrumental in facilitating investment sales transactions worth over $1 billion. This impressive track record led to his recognition on the Globe St. Real Estate Forum’s 50 Under 40 list in 2020.
Today, Ryan’s professional endeavors are singularly concentrated on Investment Sales. His strategic insight and unwavering commitment to this specialty have not only driven substantial financial success for his clients but also positioned him as a trusted advisor in the field.
Balancing his professional life, Ryan is a devoted father to seven children. He continues to serve his community as an active member of St. Mary on the Hill Catholic Church, a mentor and coach at the Augusta Arsenal Soccer Club, and an engaged member of Leadership Augusta. His philanthropic spirit is evident in his ongoing involvement with the Augusta Chapter of the Leukemia & Lymphoma Society, where he was honored as Man of the Year in 2015. Additionally, he maintains his connection to the broader industry as a member of The International Council of Shopping Centers.
As a Partner at Palomar, Ryan is resolute in his focus on optimizing the financial outcomes for investment sales. His approach is rooted in building enduring relationships based on mutual trust and a deep-seated knowledge of the investment landscape, ensuring that his clients’ interests are always at the forefront.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr BROK.0995692305-CORP Irvine, CA; Auction Firm LA AB-446
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Stabilized Brookshire-Anchored Retail Center | 3000 N Market St
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