Rare NNN Lease | Net Lease Investment 4923 Monkhouse Dr

This rare, absolute NNN Family Dollar in Shreveport, the 3rd largest city in Louisiana, is located on a large 1+ acre corner parcel just off Interstate 20, near the Shreveport Regional Airport, with combined traffic counts of over 65,000 VPD. It is surrounded by major hotel chains including Best Western, Days Inn, Residence Inn, Economy Inn, and Super 8.
The ±8,320 SF store features an attractive upgraded stucco façade. This is a rare opportunity for a higher investor return due to the upcoming 10% rent increase in April 2026 (11th year of the lease term). The asking cap rate is 7.2%, with a blended cap rate for the remaining initial 6.75-year term of over 7.7% with 6 five year options remaining! The current rent/SF is only $13.98!
Shreveport, located in NW Louisiana is known as a center of culture, commerce, and entertainment. It is home to Barksdale Air Force Base, the largest employer in the Shreveport-Bossier City MSA, along with other large employers including LSU Shreveport, Louisiana Tech, Southern University, Centenary College, and many national and regional casinos. The five-mile population is over 91,000 and average household income is almost $60K.
This established and successful location has a strong corporate guaranty by Family Dollar, a subsidiary of Dollar Tree with over 16,000 locations throughout the US.