Listed by SRS Real Estate Partners - Global Company
$5,872,220
Shreveport, LA - Southfield Center
Details
Property Type Retail
Sub Type Community Center
Cap Rate 7.75%
Occupancy 81%
Tenancy Multi
Stories 1
Zoning Commercial - Urban Corridor
Parking Spaces spaces
Ownership Fee Simple (Land & Building)
5711-5751 Youree Dr, Shreveport, LA 71105
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 - supposed 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
Listed by SRS Real Estate Partners - Global Company
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