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

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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