Property History
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Marketing Description
Stan Johnson Company is pleased to offer for sale to qualified
investors the fee simple interest in a Brookshire’s Grocery store located in Shreveport, Louisiana, the third largest city in the state of Louisiana and the 109th-largest city in the United States.
This grocery store was originally a Safeway grocery store that was built in 1972 and subsequently sold to Brookshire Grocery Company in April of 1987. It has operated at this location for almost forty-five (45) years, and is currently in its fifth (5th) renewal option period that expires in August 2018. There are three (3), five (5) year renewal options remaining with a large increase in Option 7.
Brookshire Grocery Company is a private supermarket chain founded in 1926 and based in Tyler, Texas. They have +/- 177 stores operating in Texas, Louisiana and Arkansas. In 2016, they were ranked #175 on Forbes America’s Largest Private Companies List and have an estimated $2.96 Billion in Revenue.
Investment Highlights
- Top Rated Private Company - Brookshire Grocery was rated #175 by Forbes on America’s Largest Private Companies List in 2016.
- Short-Term Lease Remaining - Brookshire Grocery has operated at this location since 1987 and has approximately one and one-half (1-1/2) years lease term remaining.
- Renewal Options Remaining - Brookshire Grocery is currently in their Fifth (5th) Option period and has Three (3), Five (5) year Options remaining with a 74.73% increase in Option 7.
- Good Demographics - The property has an average population of 75,400 and average household income of $55,780 within a 3-mile radius.
- Great Retail Location - The property is located in a heavy retail corridor with several well-known tenants that include Walgreens, CVS, Family Dollar, Advance Auto Parts, Auto Zone, Raising Cane’s, McDonald’s, Taco Bell, and Whataburger, and is approximately 1 mile from the Mall St. Vincent, with upscale and unique shopping selections that include Dillard’s, Francesca’s, Gap, Hollister, and more.
Loan History
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