Listed by Sands Investment Group, Sands Investment Group Charleston
$454,054
South Park Animal Hospital - Shreveport, LA
Details
Property Type Office
Sub Type Medical Office
Square Footage 2,802
Cap Rate 9.25%
NOI $42,000
Occupancy 100%
Tenancy Single
Brand/Tenant South Park Animal Hospital
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/01/2031
Remaining Term 4.8
Rent Bumps No
Lease Options None
Price per SqFt $162
Year Built 1996
Buildings 1
Acreage 3.506
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2016
Vet NNN Asset | 9.00% CAP | Below-Market Rent Upside | Specialized Buildout
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 2,802 SF South Park Animal Hospital located at 2841 Meriwether Road in Shreveport, LA. This deal includes a well-established veterinary clinic with a long-standing operating history and a built-in tenant infrastructure that supports continued occupancy, and the property features a specialized medical buildout, including surgical rooms, advanced plumbing systems, drainage, and upgraded electrical infrastructure, all of which are costly and disruptive to replicate. This high level of customization creates strong tenant retention and reduces the likelihood of relocation.
Investment highlights
- Specialized buildout, including surgical rooms, advanced plumbing systems, drainage, and electrical infrastructure, that are costly and disruptive to relocate.
- The property is positioned in the Shreveport market, where surrounding residential density supports steady consumer demand for neighborhood veterinary clinics.
- Current rent of $15 PSF sits below many medical rents in the area of $20 PSF Triple Net (NNN), providing potential upside through future rental growth.
- South Park Animal Hospital has operated at this location for over a decade and serves the surrounding Shreveport community with an established customer base.
- This is an Absolute NNN lease. Tenant is responsible for all expenses and replacements.
- The tenant’s investment in medical equipment and interior buildout creates high relocation costs, encouraging long-term occupancy and tenant retention.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Charleston
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$42,000.00
$3,500.00/mo
Valuation Metrics
0
DSCR
9.25%
Cap Rate
9.25%
ROI
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