5835 Market StShreveport, LA 71107
- Retail properties
- 664 SF
Property Details for 5835 Market St
- Year built
- 2024
- Lot size
- 0.49 AC
- Property size (Sq ft)
- 664 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a brand-new, 20-year NNN lease for a Scooter's Coffee location in Shreveport, Louisiana. Situated on a 0.494-acre lot at 5835 N Market St, this 664 square foot building enjoys a prime location as an outparcel to a Walmart Supercenter, benefiting from the significant traffic generated by this major anchor tenant. The property boasts an impressive 21,294 vehicles per day (VPD) count on the adjacent Market Street, ensuring high visibility and consistent customer flow. The surrounding area features a diverse mix of established businesses, including Dollar Tree, Taco Bell, Citizens Bank & Trust, Healthcare Express Urgent Care, Barksdale FCU, O'Reilly Auto Parts, Subway, Wendy's, Auto Zone, and Zaxby's, creating a vibrant commercial hub. Shreveport, the third-largest city in Louisiana with approximately 188,000 residents, is strategically located within the Shreveport-Bossier City MSA (population 393,000) along the I-20 Cyber Corridor, a growing technology center. The lease includes a 10% rent increase every five years, providing significant long-term growth potential. Four five-year lease extension options further enhance the security of this investment. The asking price is $1,311,197, representing a 6.85% cap rate with a current Net Operating Income (NOI) of $89,817. This is a truly passive investment opportunity with zero landlord responsibilities, offering substantial returns in a thriving market. The building was constructed in 2024 and is currently 100% occupied.
Location Insight
- City
- Shreveport
- County
- Caddo Parish
- State
- Louisiana
- Latitude
- 32.6006
- Longitude
- -93.841
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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