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    2575 70Th St Shreveport, LA 71105

    Sponsored
    For Sale
    $2,300,000

    High-return auto shop investment. Strong tenant, long lease.

    Property size:
    12,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    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 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

    HighLights

    • 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.
    • 10‑year lease (March 18, 2022 commencement) with approximately 7.3 years remaining, including 10% rent increases every five years.
    • Asking price: $2,300,000 ($180.82/SF).
    • Recently completed roof replacement with a 20‑year warranty (January 2024).
    Property Profile Location Intelligence

    Current Use by Public Records

    Riverside Marine Boat Dealer Gerber Collision & Glass Auto Body Shop

    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
    -93.6941306
    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.
    (318) 213-1555
    Request Owner's contact information
    2575 70Th St Shreveport, LA 71105
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    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
    2575 70Th St Shreveport, LA 71105
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