6596 Youree Dr Shreveport, LA 71105

Property Details for 6596 Youree Dr

Year built

1997

Lot size

2.73 lot acres

Property size

29,000 SF

Property type

Retail properties & Spaces

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.

Location Insight

City

Shreveport

County

Caddo Parish

State

Louisiana

Longitude

-93.722

Latitude

32.4463