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6590 Youree Dr Shreveport, LA 71105

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For Sale
$5,980,000

Two-tenant retail asset with Petco & Boot Barn.

Property size:
29,000 SF
Lot size:
2.95 Acres

Property Features for 6590 Youree Dr

General Information

Size
29,000 SF
Lot size
2.95 Acres

Source: Sands Investment Group (SIG) | Fort Lauderdale Agent Daniel Hoogesteger

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Shreveport Retail Asset For Sale

This retail asset is located within the Bayou Walk Shopping Center at the intersection of Youree Drive and E 70th Street in Shreveport, LA. The shopping center is a destination location with retailers including Kroger, Barnes & Noble, Old Navy, and JoAnn Fabric. The property is 100% leased to Petco and Boot Barn, both of whom recently exercised their options early. Each tenant has 5.5+ years remaining on their current lease term, with 10% rental increases at each option period. The seller will deliver the property with a new roof. Petco has been at this location for over 20 years, and Boot Barn has been at the site for nearly 10 years. Petco is a pet specialty retailer with over 1,500 locations nationwide. Boot Barn is a retailer specializing in Western and work-related apparel, with over 290 locations across the United States. The property is located on Youree Drive near the intersection of E 70th Street, with over 40,000 vehicles per day. There is a dense population base with over 60,000 people within 3 miles and an average household income of over $77,000 within a 3-mile radius. The property is strategically located on the major retail corridor in the trade area, near Whole Foods, Target, Best Buy, Lowe’s, Ross, Hobby Lobby, TJ Maxx, PetSmart, and Burlington. The property size is 29,000 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Boot Barn Western Apparel Store Bayou Walk Shopping ... Shopping Mall

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Broadmoor Shopping Center

Location Insight

  • Map
  • Local Demand
City
Shreveport
County
Caddo
State
Louisiana
Longitude
-93.72023
Latitude
32.445117

FAQs

What type of property is this?
Shopping center - Two-tenant retail asset with Petco & Boot Barn.
Where is this shopping center located?
The property is located at 6590 Youree Dr Shreveport, LA.
What is the asking price?
The asking price for this property is $5,980,000.
What are key features of this property?
This property features: - High-Yield Investment: Offered at an attractive 7.50% Cap Rate with a low cost per square foot.; - Stable Income with Growth Potential: 100% leased asset with 5.5+ years remaining on current lease terms and 10% rental increases at option periods.; - Reliable National Tenants: Features corporate guaranteed leases from Petco and Boot Barn, both of whom exercised their options early.
More about this property
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