For Sale
$2,214,550

8776 Youree DrShreveport, LA 71115

High-yield Burger King investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, 2,887-square-foot Burger King located at 8776 Youree Dr, Shreveport, LA 71115. The property boasts a prime location across from LSU-Shreveport, benefiting from high visibility and traffic on Youree Drive (16,000 VPD). The absolute NNN lease, with a corporate Burger King franchisee (Restaurant Brands International, parent company of Tim Hortons, Popeyes, and Firehouse Subs), provides a passive investment opportunity with minimal landlord responsibilities. The lease, originally signed in August 2017, has 7.8 years remaining on the initial term, followed by four 5-year options. Rent increases by 5% every five years, ensuring consistent income growth. The property sits on a 0.82-acre lot (35,719 sq ft) and is a single-story, Class A building constructed in 2017. The property's strong performance is evidenced by its 100% occupancy and a current NOI of $132,873, resulting in a 6.00% cap rate and a price per square foot of $767.08. The asking price is $2,214,550. The property's strategic location within a thriving retail corridor, near other major retailers and significant points of interest, including a major university and hospitals, ensures a consistent customer base. The drive-thru design proved resilient during the COVID-19 pandemic, highlighting the property's essential nature. This is a rare opportunity to acquire a well-performing, long-term net lease investment in a high-growth area.

Highlights

  • 8+ years remaining on the initial lease term, plus four 5-year options.
  • Absolute NNN lease; ideal for passive investors.
  • Excellent location across from LSU-Shreveport.
  • 5% rent increases every five years.
  • Corporate ownership by Restaurant Brands International (QSR).
  • Drive-thru restaurant remained operational during COVID-19 lockdowns.

Property Details for 8776 Youree Dr

Property type
Retail properties
Square Feet
2,887 SF
Class
A
Year Built
2017
Buildings
1
Stories
1
Units
1

Location Insight

City
Shreveport
County
Caddo Parish
State
Louisiana
Latitude
32.4207428
Longitude
-93.706131
8776 Youree Dr, Shreveport, Louisiana

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8776 Youree Dr
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