401 Kings HwyShreveport, LA 71104

Property Details for 401 Kings Hwy

Year built

1999

Lot size

0.39 AC

Property size (Sq ft)

1,870 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a fee-simple ownership of a 1,870 square foot Valvoline Instant Oil Change located at 401 Kings Hwy, Shreveport, LA 71104. The property, built in 1999 and situated on a 0.389-acre lot, is zoned C-2. The single-story building features 1,505 square feet of net rentable space and boasts a 100% occupancy rate under an absolute NNN lease with a nationally recognized franchisee. The current lease, commenced January 31, 2017, has a remaining term of five years with four additional five-year renewal options. Rent increases annually at 1.5% throughout the primary term and renewal options. The property generates a substantial net operating income (NOI) of $73,092, yielding a compelling 6.60% cap rate and a price per square foot of $735.85. This is a low-maintenance, passive income investment with a strong tenant and significant upside potential. The property's financial performance is supported by a corporate lease with Valvoline, Inc., providing stability and security for the investor. This is a rare opportunity to acquire a high-performing, well-located retail property in a desirable market. The property's strong financials, coupled with the long-term lease and built-in rent increases, make this an attractive investment for those seeking a stable and profitable addition to their portfolio.

Location Insight

City

Shreveport

County

Caddo Parish

State

Louisiana

Latitude

32.4815

Longitude

-93.7377

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].