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    6596 Youree Dr Shreveport, LA 71105

    For Sale
    $6,600,000

    Petco & Boot Barn, High Yield

    Property size:
    29,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 29,000 square foot, 100% occupied retail property in Shreveport, Louisiana. The property, built in 1997 and situated on a 2.73-acre lot at 6596 Youree Dr, features two national tenants: Petco and Boot Barn, under a Net Lease (NN) agreement with a multi-tenant occupancy. The asking price is $6,600,000, representing a 7.25% cap rate and a price per square foot of $227.59. The current Net Operating Income (NOI) is $478,360. Both tenants have demonstrated strong commitment by exercising early lease options, with approximately 10% rent bumps at each option period. The current lease terms extend for 6+ years, providing long-term stability and predictable income growth. The property benefits from a prime location within the Bayou Walk Shopping Center, a high-traffic area with strong co-tenancy including Kroger, Barnes & Noble, Old Navy, and more. This location boasts a dense population base and high average household income within a three-mile radius. The seller will deliver the property with a brand-new roof, minimizing immediate capital expenditure needs for the new investor. This is a rare opportunity to acquire a high-yielding, low-cost-per-square-foot investment with significant upside potential.

    Property Features for 6596 Youree Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    29,000 SF
    Lot Size
    118,919 SF

    Building Details

    Year Built
    1997

    HighLights

    • High‑yield (7.25% cap rate) retail investment opportunity with a low cost per square foot ($227.59).
    • 100% leased, 29,000 SF retail property in Shreveport, LA with 6+ years remaining on the lease term.
    • Both national tenants (Petco and Boot Barn) have exercised early lease options with 10% rent bumps.
    • Property features a new roof, minimizing immediate capital expenditures.
    • Prime location in Bayou Walk Shopping Center with strong co‑tenancy and high traffic counts (over 40,000 VPD), dense population (60,000+ within 3 miles), and high average household income ($77,000+ within 3 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    fi.d.o Pet Supply Store Petco Dog Training Dog Trainer Petco Grooming Pet Groomer Petco Vaccination Clinic Veterinarian Petco Pet Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shreveport
    County
    Caddo Parish
    State
    Louisiana
    Longitude
    -93.7220108
    Latitude
    32.4463181

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    FAQs

    What type of property is this?
    Individual retail property - Petco & Boot Barn, High Yield
    Where is this individual retail property located?
    The property is located at 6596 Youree Dr Shreveport, LA.
    What is the asking price?
    The asking price for this property is $6,600,000.
    What are key features of this property?
    This property features: High-yield (7.25% cap rate) retail investment opportunity with a low cost per square foot ($227.59).; 100% leased, 29,000 SF retail property in Shreveport, LA with 6+ years remaining on the lease term.; Both national tenants (Petco and Boot Barn) have exercised early lease options with 10% rent bumps.
    Request Owner's contact information
    6596 Youree Dr Shreveport, LA 71105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6596 Youree Dr Shreveport, LA 71105
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