401 Kings Hwy Shreveport, LA 71104

Property Details for 401 Kings Hwy

Year built

1999

Lot size

0.39 lot acres

Property size

1,870 SF

Property type

Auto shops

APN

171307131000100

Description

This exceptional investment opportunity presents a fee-simple ownership of a 1,870 square foot Valvoline Instant Oil Change located at 401 Kings Hwy, Shreveport, LA 71104. The property, built in 1999 and situated on a 0.389-acre lot, is zoned C-2. The single-story building features 1,505 square feet of net rentable space and boasts a 100% occupancy rate under an absolute NNN lease with a nationally recognized franchisee. The current lease, commenced January 31, 2017, has a remaining term of five years with four additional five-year renewal options. Rent increases annually at 1.5% throughout the primary term and renewal options. The property generates a substantial net operating income (NOI) of $73,092, yielding a compelling 6.60% cap rate and a price per square foot of $735.85. This is a low-maintenance, passive income investment with a strong tenant and significant upside potential. The property's financial performance is supported by a corporate lease with Valvoline, Inc., providing stability and security for the investor. This is a rare opportunity to acquire a high-performing, well-located retail property in a desirable market. The property's strong financials, coupled with the long-term lease and built-in rent increases, make this an attractive investment for those seeking a stable and profitable addition to their portfolio.