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29240414
29240415

Youree Drive & Southfield Road, Shreveport, LA 71105

RB
TX 580152
SRS Real Estate Partners - Global Company
SRS Real Estate Partners - Global Company
Listed by SRS Real Estate Partners - Global Company
$5,872,220
141 days on market
Updated 37 days ago

Southfield Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 59,283
Cap Rate 7.75%
NOI $455,097
Occupancy 81%
Tenancy Multi
Brand/Tenant Planet Fitness
Lease Type NNN
Rent Bumps Yes
Price per SqFt $99
Year Built 1950, additions in 1961 & 1963
Acreage 4.533
Zoning C-UC Urban Corridor Zoning District
Parking Spaces 228 spaces
Parking Per SqFt 3.85
Ownership Fee Simple

Southfield Center | Anchored Retail | 7.75% CAP | 59,283 SqFt

Marketing description

SRS Capital Markets is pleased to offer the opportunity to acquire Southfield Shopping Center, a well-positioned neighborhood retail asset along one of Shreveport’s most established and highly traveled commercial corridors. Strategically located at the intersection of Youree Drive and Southfield Road, the property benefits from exceptional visibility, strong traffic counts, and convenient access to residential neighborhoods, schools, and major employment centers.

Anchored by Planet Fitness, Southfield Shopping Center serves a dense and established customer base drawn to the area’s long-standing retail presence and proximity to key daily-needs destinations. Historically, the shopping center has been a destination for boutique shoppers in search of unique home decor, clothing, and gifts. The center’s location along Youree Drive - one of Shreveport’s premier retail arteries - ensures consistent consumer demand and sustained tenant interest.

Southfield Shopping Center provides investors with the opportunity to acquire a proven, income-producing asset in a fundamentally strong trade area with upside potential through leasing, repositioning, and strategic tenant mix enhancements. Supported by favorable market dynamics, excellent accessibility, and enduring retail momentum, Southfield Shopping Center is well positioned for long-term performance.

Investment highlights

  • Stable tenant mix - a blend of national, regional, and local tenants providing diversified income streams

  • International Anchor - anchored by Planet Fitness, with more than 2,800 locations worldwide

  • Historical occupancy - tenants representing 24% have been at the center 15 years or longer. Tenants representing 55% have been at the center 7 years or longer.

  • Strong fundamentals - supported by a dense population and daily-needs demand

  • Value-add opportunity - potential to increase revenue through lease-up of vacant suites

  • Flexible retail spaces - suited for service, restaurant, boutique, and specialty tenants

  • Ample parking for a variety of uses

Listing Contacts

RB
TX 580152
SRS Real Estate Partners - Global Company
SRS Real Estate Partners - Global Company
Listed by SRS Real Estate Partners - Global Company

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$455,097.00
$37,924.75/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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