Petco & Boot Barn - Shreveport, LA | 6596 & 6590 Youree Drive
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Petco & Boot Barn - Shreveport, LA 6596 & 6590 Youree Drive
29,000 SF 100% Leased Retail Building Shreveport, LA 71105 $6,600,000 ($228/SF) 7.25% Cap Rate
Investment Highlights
- High Yield (7.25% Cap Rate) & Low Cost Per Square Foot Opportunity ($227.59 PSF)
- 100% Leased Asset With 6+ Years Remaining on Current Lease Term With Both Tenants
- Strong Rental Increases of 10% at the Option Periods, Providing Hedge For Inflation
- Both Tenants Feature Low Rents Providing Future Security to New Investors
- Each Tenant Exercised Their Options Early Demonstrating Confidence in the Location
- Seller to Deliver Property With Brand New Roof - Reducing Potential Near Term Capital Expenditures For New Investor
Executive Summary
Sands Investment Group is Pleased to Present Exclusively For Sale the Two Tenant Petco & Boot Barn Property, Located Within the Highly Desirable Bayou Walk Shopping Center at the Intersection of Youree Drive & E 70th Street in Shreveport, LA. Bayou Walk Shopping Center Features a Strong Destination Location With Adjacent Retailers Including Kroger, Barnes & Noble, Old Navy, JoAnn Fabric and More. Both Boot Barn & Petco Recently Exercised Their Options Early, Demonstrating Confidence in the Location. With 6+ Years Remaining For Each Tenant & Strong Rental Increases at Each Option Period, This Asset Offers an Investor a Stable Investment With Attractive Rental Growth in the Future. Offered at a 7.25% Cap Rate With Low Existing Lease Rates, This is a Rare Opportunity to Acquire a High Yielding Investment at a Low-Cost Per Square Foot.
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
Building Size
29,000 SF
Year Built
1997
Price
$6,600,000
Price Per SF
$228
Cap Rate
7.25%
NOI
$478,360
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Land Acres
2.73 AC
Parking
65 Spaces (2.24 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Boot Barn
- Retailer
- 11,000 SF
- $19.36
- Double Net
- Nov 2030
- Petco
- Retailer
- 18,000 SF
- $15.50
- Double Net
- Sep 2030
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Boot Barn | Retailer | 11,000 SF | $19.36 | Double Net | Nov 2030 | |
| Petco | Retailer | 18,000 SF | $15.50 | Double Net | Sep 2030 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 171329-063-0001-00 | Improvements Assessment | $219,537 |
| Land Assessment | $70,436 | Total Assessment | $289,973 |
PROPERTY TAXES
Parcel Number
171329-063-0001-00
Land Assessment
$70,436
Improvements Assessment
$219,537
Total Assessment
$289,973
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Daniel Hoogesteger -
Jordan Gomez -
Claire Brazzel -
Sands Investment Group Santa Monica, LLC
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Petco & Boot Barn - Shreveport, LA | 6596 & 6590 Youree Drive
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