7421 Line Ave Shreveport, LA 71106-4419

Property Details for 7421 Line Ave

Construction

METAL FRAME

Lot size

0.78 lot acres

Property size

7,869 SF

Property type

Commercial real estate

APN

171330-141-0001-00

APU

171330141000100

Description

This exceptional investment opportunity presents a single-tenant, 8,000 square foot Family Dollar grocery store located at 7421 Line Ave, Shreveport, LA 71106. The property sits on a sizable 30,000 square foot lot and boasts a strong 10% cap rate. Currently operating under a Net Net (NN) lease with a remaining term of five years, the lease commenced July 1, 2024, and expires June 30, 2029. Three additional five-year lease options are available, providing long-term stability and predictable income. The Family Dollar tenant has occupied the premises since 2001, demonstrating a long-standing commitment to the location. As part of the recent lease extension, the landlord contributed $50,000 towards tenant improvements, with an additional $50,000 credit available to the buyer. Significant improvements have been made to the property over the years, including a newer roof (installed circa 2019 following hail damage), HVAC upgrades, and recent parking lot improvements. The property is being sold due to the passing of the previous owner and is offered at an asking price of $550,000. This is a compelling opportunity for investors seeking a stable, income-producing asset with significant upside potential. The property's strong tenant history, favorable lease terms, and recent improvements make it an attractive addition to any portfolio. The 100% occupancy ensures immediate cash flow. This is a must-see property.

Location Insight

City

Shreveport

County

Caddo

State

Louisiana

Longitude

-93.7455

Latitude

32.4372

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments