6101 70Th StShreveport, LA 71129

Property Details for 6101 70Th St

Construction

BRICK

Lot size

1.97 AC

Property size (Sq ft)

14,560 SF

Property type

Other commercial real estate

APN

171525-038-0001-00

APU

171525038000100

Description

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.

Location Insight

City

Shreveport

County

Caddo

State

Louisiana

Latitude

32.4417

Longitude

-93.8626

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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