1376 70Th StShreveport, LA 71105

Property Details for 1376 70Th St

Year built

2017

Construction

CONCRETE

Lot size

8.21 AC

Property size (Sq ft)

109,080 SF

Property type

Other commercial real estate

APN

171320-140-0001-00

APU

171320140000100

Description

This exceptional investment opportunity presents a fee-simple interest in a 109,169-square-foot At Home retail property located at 1376 E 70th St, Shreveport, LA 71105. The property boasts a strong 8.04% cap rate and a substantial net operating income (NOI) of $1,283,654. The single-tenant, absolute NNN lease with At Home features a corporate guarantee, ensuring consistent cash flow. With a remaining lease term of 9.7 years and four 5-year renewal options, this investment offers long-term stability. Annual rent bumps of 2% further enhance the return. Built in 2018, the property sits on an 8.2-acre lot and benefits from a prime location adjacent to Bayou Shopping Center, a high-traffic retail destination with over 2.4 million annual visitors. The surrounding area demonstrates strong demographics, with an average household income exceeding $100,000 within a 3-mile radius. This investment is ideal for those seeking a passive income stream with minimal landlord responsibilities, backed by a national retailer and a robust lease structure. The property's location within a thriving retail corridor and its proximity to Captain Shreve High School (1,850+ students) further contribute to its long-term value and potential for appreciation. The asking price is $15,967,000, translating to a price per square foot of $146.26. The lease commenced on July 3, 2018, and is set to expire on July 31, 2034. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance retail investment in a desirable Louisiana market.

• Alternative Use

  Use

  Valuation

  Residential

  $34,322,248

  Hospitality

  $31,438,996

  Educational

  $26,156,876

  Medical

  $27,056,450

  Retail

  $40,688,472

Location Insight

City

Shreveport

County

Caddo

State

Louisiana

Latitude

32.4456

Longitude

-93.7279

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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