6596 Youree Dr Shreveport, LA 71105
- Retail properties
- 29,000 SF
- 2.73 lot acres
Current Use by Public Records
- fi.d.o / Pet Supply Store
- Petco Dog Training / Dog Trainer / Pet Trainer
- Petco Grooming / Pet Groomer
- Petco Vaccination Clinic / Veterinarian
- Petco / Pet Supply Store / Pet Store
Property Details for 6596 Youree Dr
- Year built
- 1997
- Lot size
- 2.73 lot acres
- Property size
- 29,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shreveport
- County
- Caddo Parish
- State
- Louisiana
- Longitude
- -93.722
- Latitude
- 32.4463
