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29531152
29531151

7457 LA-5, Gloster, LA 71030

DM
LA LA SALE.0995691909-ACT
NAI Rampart
AN
LA 995702092
NAI Rampart
Listed by NAI Rampart
$1,140,000
122 days on market
Updated 69 days ago

7457 LA-5 Gloster

Details
APN 0200238072A
Property Type Retail
Sub Type Free Standing
Square Footage 8,320
Cap Rate 7.39%
NOI $84,276
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NNN
Lease Term 15.2
Lease Expiration 09/30/2031
Remaining Term 5.3
Lease Options Six (6), Five (5) year renewals
Pro-Forma Cap Rate 8.13%
Pro-Forma NOI $92,700
Price per SqFt $137
Year Built 2016
Stories 1
Acreage 1.870
Investment Type Net Lease
Lease Commencement 07/14/2016
Occupancy Date 07/14/2016
Ground Lease No

Retail | 7.39% CAP | 8,320 SqFt

Marketing description

Family Dollar NNN Offering: An ±8,320 SF retail asset (built 2016) at the signalized intersection of Hwy. 171 and LA Hwy. 5. Featuring a stabilized passive income stream and attractive rental growth, this is a prime opportunity for NNN-focused investors seeking low-management yield.

Property features are metal construction, 20 ft. ceilings, 1 loading door and a surface parking lot.

Gloster is a rapidly growing town situated just 15 miles south of Shreveport, Louisiana's third-largest city, and 12 miles west of the Texas state line. Employment in Gloster surged by eleven percent from 2022 to 2023, and are poised for even more job opportunities by 2026. The median income within a one-mile radius stands at an impressive $93,000, highlighting the economic strength of this community. Moreover, Desoto Parish demonstrates a robust economy in northwest Louisiana, backed by strong job forecasts. Louisiana is actively expanding its workforce, having added over twenty thousand jobs in the past year alone. Cheap energy is a major draw for this area. The momentum in the job market is undeniably positive and promising to last for years to come.

Listing Contacts

DM
LA LA SALE.0995691909-ACT
NAI Rampart
AN
LA 995702092
NAI Rampart
Listed by NAI Rampart

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,276.00
$7,023.00/mo

Valuation Metrics

0
DSCR
7.39%
Cap Rate
7.39%
ROI

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Additional Information

Name
Daniel Marse, CCIM
License
LA SALE.0995691909-ACT
Brokerage
Rampart/Wurth Holding, Inc.
Brokerage Phone
5048122388
Title
Commercial Sales & Leasing
Brokerage Address
5557 Canal Boulevard
Name
Andy Nguyen
License
995702092
Brokerage Phone
504-569-9300
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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