Gas Station/Convenience Store (Former Valero)
8.25% CAP | 2 Years Remaining
Marketing description
Matthews™ is pleased to present an Investment/Owner User Opportunity for 5112 Monkhouse Dr in Shreveport, LA. This property offers a unique opportunity featuring a former Valero-branded gas station with 2+ years remaining on an Absolute NNN lease. The tenant, operating since 2018, is responsible for all taxes, insurance, maintenance, repairs, and utilities.
The property is strategically positioned near Interstate 20 with access to over 62,000 vehicles per day and proximity to Shreveport Regional Airport. The location benefits from strong residential demographics with more than 34,665 residents within a 3-mile radius and average household incomes of approximately $62,384.
Investors benefit from full fee simple ownership with potential tax advantages and depreciation benefits. The lease includes one additional 5-year renewal option and a purchase option, providing long-term stability and flexibility.
Investment highlights
Property Highlights
- 2+ Years Remaining on NNN Lease – Tenant is responsible for taxes, insurance, maintenance, repairs, and utilities
- Long-Term Operating History – Tenant has operated at the site since 2018 under the active lease, expiring 09/16/28, with one additional 5-year renewal option
- Former Valero-Branded Gas Station – Valero no longer has an active fuel contract at the site
- Strong Residential Demographics – More than 34,665 residents within a 3-mile radius with average household incomes of approximately $62,384
- Positioned Near Interstate 20 (I-20) – Located just off Interstate 20 (+62,000 VPD)
- Proximity to Shreveport Regional Airport – The property is located near Shreveport Regional Airport
- Fee Simple Ownership – Investor benefits from full fee simple ownership with potential tax advantages and depreciation benefits (buyer to verify with CPA)
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