Dense Industrial Area | Near 3 Interstates
Retail | 11.00% CAP | 14,448 SF
Marketing description
We are pleased to market for sale the Walgreens property located at 6101 West 70th Street in Shreveport, Louisiana ("The Property"). Walgreens has been successfully operating at this location for over 21 years and has 3 years of firm term remaining before the option periods on an absolute net lease with no landlord obligations whatsoever. Walgreens has 10 (5 year) options to extend their lease.
This Property offers investors an opportunity to purchase a sizable national tenant chain at a healthy return in a growing industrial trade area. In the past five years, multiple major employers have invested over $230 million in manufacturing and distribution facilities in the immediate 5-mile trade radius. In 2021, Amazon built a $200 million major robotics fulfillment center creating 1,118 jobs and is set to open a 2nd distribution facility in Spring 2024. Hyundai Glovis and Prolec GE USA have been stable employers in the market, and recently expanded their operations creating an additional 462 jobs.
The Property has 844 multifamily units within 1-mile and is situated in a major retail corridor anchored by Walmart Supercenter and Home Depot. Heritage Manor West, less than a mile southeast, is a skilled nursing facility that has 140 beds. Located adjacent to US Interstate 20 (±99,989 VPD), the Property has direct access to downtown Shreveport to the east, and connects to Dallas, TX to the west.
Listed in conjunction with Brian Brockman, Bang Realty, [email protected], 513-898-1551, LA DRE Lic. BROK.0995684990-ASA.
Investment highlights
Over 12 million square feet of industrial space in a 5-mile radius including major companies like Hyundai and FedEx.
Opposite corner to CVS and next Walgreens 4.4 miles away making this a strategic location for both Walgreens and CVS.
There are 844 multifamily units within the immediate 1-mile radius.
Centrally located between three major interstates that connect Shreveport west to Dallas/Ft. Worth, TX, south to Baton Rouge/New Orleans, LA and west to Jackson, MS.
Within two blocks of the property are located a high school, junior high and elementary school with a combined 2,481 students.
Just 3 miles west of Shreveport Regional Airport with 560,000 annual passengers.
The Property is located in a designated Opportunity Zone.
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