Shreve City Shopping Center 1203-1295 Shreveport Barksdale Hwy
339,338 SF 74% Leased Retail Building Shreveport, LA 71105 $32,800,000 ($97/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 339,338-Square-Foot, Multi-Tenant Community Center
- 87% Occupied | Comprised of Triple-Net, Gross, and Base Year Leases | Seven Tenants have Percentage Rent Clauses | Significant Upside Potential
- Shadow-Anchored by Walmart
EXECUTIVE SUMMARY
Owner is pleased to present the opportunity to acquire a 339,338-square-foot, multi-tenant community center that is shadow-anchored by Walmart in Shreveport, Louisiana. Shreve City Shopping Center is currently 87 percent occupied with a combination of triple-net, gross, and base year leases providing significant upside potential. The tenant base is a complementary mix of national and local tenants. Anchored by Burlington Coat Factory, other tenants include Dollar Tree, Big Lots, Citi Trends, Goodwill, Crazy Hot Deals, Rainbow, New Ink, Daiquiri Express, What's on Tap, Roses, Delta Pathology, Hair Salon, Ocean Dental, Mariner Finance, Guy's Academy, Vape Shop, California Nail Salon, and a Wendy's pad site. Additional income is derived from a long-term billboard lease. The center was constructed in 1961 and is situated on two land parcels totaling 28.75 acres with ample paved parking. Recent property improvements include a new roof with a 20-year warranty and all new LED parking lot lights.
Shreve City Shopping Center is located on Shreveport Barksdale Highway near the signalized intersection with Knight Street and has multiple ingress and egress points. Cumulative traffic counts are approximately 18,429 vehicles per day. The subject property is located near many national and regional retailers, including McDonald's, Enterprise Rent-A-Car, Metro by T-Mobile, Church's Chicken, Dollar General, Popeye's, Pizza Hut, Wingstop, AutoZone, Domino's, CVS, Walgreen's, Brookshire's and more. The property is in close proximity to Barksdale Airforce Base, with a population of approximately 14,581 active duty members, reservists, and civilians. The city is also home to Ochsner-LSU Health, a public university focused on health sciences composed of three different schools: the School of Medicine, School of Graduate Studies, and School of Allied Health Professions.
Shreve City Shopping Center is located on Shreveport Barksdale Highway near the signalized intersection with Knight Street and has multiple ingress and egress points. Cumulative traffic counts are approximately 18,429 vehicles per day. The subject property is located near many national and regional retailers, including McDonald's, Enterprise Rent-A-Car, Metro by T-Mobile, Church's Chicken, Dollar General, Popeye's, Pizza Hut, Wingstop, AutoZone, Domino's, CVS, Walgreen's, Brookshire's and more. The property is in close proximity to Barksdale Airforce Base, with a population of approximately 14,581 active duty members, reservists, and civilians. The city is also home to Ochsner-LSU Health, a public university focused on health sciences composed of three different schools: the School of Medicine, School of Graduate Studies, and School of Allied Health Professions.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
339,338 SF
Building Class
B
Year Built/Renovated
1961/2008
Price
$32,800,000
Price Per SF
$97
Cap Rate
7%
NOI
$2,296,000
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.27
Lot Size
28.75 AC
Zoning
B-3, Shreveport
Parking
2,884 Spaces (8.5 Spaces per 1,000 SF Leased)
Frontage
1,005 FT on La-3032 Hwy
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
School layout in excellent condition
Large shopping center 340,000 sf next to super walmart . 85 % national credit . over 3000 parking spaces
Next to Big Lot's, Burlington with Wal-Mart
Next to Wal Mart
| Space | Size | Space Use | Position | Available |
| 1227 | 9,490 SF | Retail | In-Line | Now |
| 1241 | 24,000 SF | Retail | In-Line | Now |
| 1267 | 3,000 SF | Retail | In-Line | Now |
| 1271 | 16,500 SF | Retail | In-Line | Now |
| 1275 | 4,800 SF | Retail | In-Line | Now |
| 1293 | 30,000 SF | Retail | In-Line | Now |
1227
| Size |
| 9,490 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1241
| Size |
| 24,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1267
| Size |
| 3,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1271
| Size |
| 16,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1275
| Size |
| 4,800 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1293
| Size |
| 30,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
6,337
60,272
131,103
185,428
2029 Population
6,199
59,184
128,795
181,529
2024-2029 Projected Population Growth
-2.2%
-1.8%
-1.8%
-2.1%
Median Age
36.5
37.2
37.8
38.3
College Degree + Higher
23%
28%
24%
14%
Daytime Employees
3,325
38,021
124,205
163,853
Total Businesses
398
4,902
13,391
18,276
Average Household Income
$66,369
$70,060
$64,157
$62,257
Median Household Income
$44,367
$47,956
$42,514
$42,143
Total Consumer Spending
$69.1M
$664.5M
$1.3B
$1.8B
2024 Households
3,152
26,862
56,622
78,014
Average Home Value
$178,878
$199,325
$200,063
$197,482
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $635,516 | |
| Land Assessment | $266,101 | Total Assessment | $901,617 |
