2575 70Th St Shreveport, LA 71105
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High-return auto shop investment. Strong tenant, long lease.
Property size:
12,720 SFProperty Features for 2575 70Th St
General Information
- Property type
- Automotive properties
- Square Feet
- 12,720 SF
- Lot Size
- 56,192 SF
Building Details
- Year Built
- 2000
- Buildings
- 1
- Stories
- 1
Listing Agency: KW Commercial NWLA Listing Agent: Trenton Siskron
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 12,720 square foot, single-tenant net-leased retail property occupied by Gerber Collision & Glass. Located at 2575 E 70th St, Shreveport, LA 71105, on a 1.29-acre lot, this property boasts a strong 6.48% cap rate and a substantial net operating income (NOI) of $149,055. The building, constructed in 2000, is a single-story structure with C-3 zoning. Gerber Collision & Glass, a subsidiary of Boyd Group Services Inc., a publicly traded Canadian corporation, holds a 10-year lease commencing March 18, 2022, with a remaining term of approximately 7.3 years. The lease includes a 10% rental increase every five years, extending through option periods. The property's price per square foot is $180.82, and the asking price is $2,300,000. The tenant recently completed roof replacements with a 20-year warranty starting January 2024. This investment offers a secure, high-performing asset with significant long-term growth potential in a prime retail location. The property's occupancy is 100%, with an occupancy date of March 18, 2022. This is a rare opportunity to acquire a well-established, high-performing asset in a stable market.
Property Profile
Location Intelligence
Current Use by Public Records
Riverside Marine
(Bike/Boat/Book/etc) Store
Gerber Collision & Glass
Auto Repair Shop
Location Insight
- Map
- Local Demand
- City
- Shreveport
- County
- Caddo Parish
- State
- Louisiana
- Longitude
- -93.6941306
- Latitude
- 32.4520306
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FAQs
What type of property is this?
Automotive property - High-return auto shop investment. Strong tenant, long lease.
Where is this automotive property located?
The property is located at 2575 70Th St Shreveport, LA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 12,720 SF single-tenant net-leased retail building occupied by Gerber Collision & Glass.; Located at 2575 E 70th St, Shreveport, LA 71105, on a 1.29-acre lot.; Strong 6.48% cap rate and $149,055 NOI.
