Overview
Shreveport Area Investment Portfolio
This portfolio features two Joe Hudson's Collision Center properties located in the Shreveport, Louisiana area. The tenants occupy the properties since September 2022, operating under a new 10-year lease with approximately 9.5 years remaining, and include four five-year options with 5% rent increases every five years. One location on Barksdale Boulevard has approximately 4,600 square feet of available space that can be leased for additional income. Both properties benefit from high visibility, access, and street frontage, situated directly off a major highway with daily traffic exceeding 40,000 vehicles. The surrounding area is a dense commercial corridor with national credit tenants, including O'Reilly, Circle K, RaceWay, CVS, Walgreens, Kroger, Walmart, Firestone, Mavis Discount Tires, Dollar General, Family Dollar, Advanced Auto Parts, Planet Fitness, AT&T, and Chase Bank, along with numerous quick-service restaurants. The Shreveport MSA has approximately 148,500 residents within a five-mile radius, with an average household income of $63,750. Shreveport is the educational, commercial, and cultural center of the Ark-La-Tex region, known for its dockside riverboat casinos and historic landmarks. Major companies with operations in Shreveport include AT&T, Chase Bank, and Regions Financial Corporation.