8776 Youree Dr Shreveport, LA 71115

Property Details for 8776 Youree Dr

Year built

2017

Construction

ADOBE

Lot size

0.83 lot acres

Property size

3,076 SF

Property type

Commercial real estate

APN

171334-118-0001-00

APU

171334118000100

Description

This exceptional investment opportunity presents a fee-simple, 2,887-square-foot Burger King located at 8776 Youree Dr, Shreveport, LA 71115. The property boasts a prime location across from LSU-Shreveport, benefiting from high visibility and traffic on Youree Drive (16,000 VPD). The absolute NNN lease, with a corporate Burger King franchisee (Restaurant Brands International, parent company of Tim Hortons, Popeyes, and Firehouse Subs), provides a passive investment opportunity with minimal landlord responsibilities. The lease, originally signed in August 2017, has 7.8 years remaining on the initial term, followed by four 5-year options. Rent increases by 5% every five years, ensuring consistent income growth. The property sits on a 0.82-acre lot (35,719 sq ft) and is a single-story, Class A building constructed in 2017. The property's strong performance is evidenced by its 100% occupancy and a current NOI of $132,873, resulting in a 6.00% cap rate and a price per square foot of $767.08. The asking price is $2,214,550. The property's strategic location within a thriving retail corridor, near other major retailers and significant points of interest, including a major university and hospitals, ensures a consistent customer base. The drive-thru design proved resilient during the COVID-19 pandemic, highlighting the property's essential nature. This is a rare opportunity to acquire a well-performing, long-term net lease investment in a high-growth area.