For Sale
$550,000

7421 Line AveShreveport, LA 71106

Shreveport, LA Grocery Store - $550K

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a single-tenant, 8,000 square foot Family Dollar grocery store located at 7421 Line Ave, Shreveport, LA 71106. The property sits on a sizable 30,000 square foot lot and boasts a strong 10% cap rate. Currently operating under a Net Net (NN) lease with a remaining term of five years, the lease commenced July 1, 2024, and expires June 30, 2029. Three additional five-year lease options are available, providing long-term stability and predictable income. The Family Dollar tenant has occupied the premises since 2001, demonstrating a long-standing commitment to the location. As part of the recent lease extension, the landlord contributed $50,000 towards tenant improvements, with an additional $50,000 credit available to the buyer. Significant improvements have been made to the property over the years, including a newer roof (installed circa 2019 following hail damage), HVAC upgrades, and recent parking lot improvements. The property is being sold due to the passing of the previous owner and is offered at an asking price of $550,000. This is a compelling opportunity for investors seeking a stable, income-producing asset with significant upside potential. The property's strong tenant history, favorable lease terms, and recent improvements make it an attractive addition to any portfolio. The 100% occupancy ensures immediate cash flow. This is a must-see property.

Highlights

  • 8,000 SF Family Dollar store on a 30,000 SF lot in Shreveport, LA.
  • Strong 10% cap rate with a Net Net (NN) lease.
  • Five-year lease remaining (commencing July 1, 2024), plus three 5-year options.
  • $50,000 in recent tenant improvements, plus $50,000 available for buyer.
  • Asking price: $550,000.

Property Details for 7421 Line Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,000 SF
Stories
1
Units
1

Location Insight

City
Shreveport
County
Caddo Parish
State
Louisiana
Latitude
32.43724690259
Longitude
-93.745929988714
7421 Line Ave, Shreveport, Louisiana

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7421 Line Ave
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