For Sale
$3,250,000

6101 70Th StShreveport, LA 71129

High-yield Walgreens NNN lease, strong location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a 14,448-square-foot Walgreens pharmacy located at 6101 W 70th St, Shreveport, LA 71129. The property sits on a 2.33-acre lot and boasts a 10% cap rate, generating a net operating income (NOI) of $325,000. The absolute net lease with Walgreens, a national tenant, has a remaining term of approximately 3.8 years, followed by ten 5-year renewal options, ensuring long-term stability. Built in 2003, this 100% occupied property offers a compelling price per square foot of $224.94, with an asking price of $3,250,000. The strategic location benefits from proximity to three major interstates, providing excellent access to a large trade area. The surrounding area shows significant recent investment in manufacturing and distribution facilities, including a major Amazon fulfillment center, creating substantial job growth and supporting a robust local economy. Within a one-mile radius, there are 844 multifamily units, and the property is situated in a major retail corridor anchored by Walmart and Home Depot. Additional nearby amenities include a skilled nursing facility and several schools. The property's location in a designated Opportunity Zone may offer additional tax advantages. This is a rare opportunity to acquire a high-performing, nationally-tenanted property in a rapidly growing market.

Highlights

  • Over 12M SF of industrial space within a 5-mile radius, anchored by Hyundai and FedEx.
  • High-traffic location near CVS and Walgreens.
  • 844 multifamily units within 1 mile.
  • Centrally located near three major interstates providing access to Dallas/Fort Worth, Baton Rouge/New Orleans, and Jackson.
  • Adjacent to schools with a combined enrollment of 2,481 students.
  • 3 miles from Shreveport Regional Airport (560,000 annual passengers).

Property Details for 6101 70Th St

Property type
Retail properties, Drug stores
Square Feet
14,448 SF
Year Built
2003
Lot Size (sq. ft)
101,495 SF

Location Insight

City
Shreveport
County
Caddo Parish
State
Louisiana
Latitude
32.442217629873
Longitude
-93.862490398728
6101 70Th St, Shreveport, Louisiana

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6101 70Th St
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