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21823527

3100 N Market St, Shreveport, LA 71107 For Sale

BW
GA 305065
SWE Realty
Listed by SWE Realty
$4,058,824
520 days on market
Updated 40 days ago

NNN Walgreens - Shreveport, LA

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 14,800
Cap Rate 8.5%
NOI $345,000
Tenancy Single
Brand/Tenant Walgreens
Lease Type NNN
Lease Expiration 05/31/2030
Remaining Term 3.9
Rent Bumps No
Year Built 2005
Buildings 1
Stories 1
Acreage 1.680
Investment Type Net Lease
Lease Commencement 05/15/2005
Sale Condition Sale for leaseback

Retail | 8.50% CAP | 14,800 SF

Marketing description

Initial 25-year absolute NNN lease Corporate Backed Lease with approx. 5 years remaining in initial term

Guaranteed by Walgreens Boot Alliance Inc. (NYSE: WBA)

Located along N Market Street / US-71, a major thoroughfare running through Shreveport, providing a key connection between downtown and northern Louisiana

Caddo Parish average household income exceeds $92,342 within a 1- mile radius of site

Excellent visibility with over 38,352 Vehicles Per Day on N Market Street

Population over 49,934+ within 5 miles

Located 2 miles away, Amazon recently opened its most advanced fulfillment center to date with state-of-the-art robotics and AI. The facility spans over 3 million SF, employing more than 2,500 workers when fully operational

Conveniently located 3.5 miles from Downtown Shreveport and less than 1 mile to Interstate 20 and Interstate 49

**This property is listed in conjunction with Louisiana licensed Benjamin Stalter, CCIM - MAESTRI-MURRELL, INC

Listing Contacts

BW
GA 305065
SWE Realty
Listed by SWE Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$345,000.00
$28,750.00/mo

Valuation Metrics

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DSCR
8.5%
Cap Rate
8.5%
ROI

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