8950 Kings Hwy Shreveport, LA 71115

This exceptional investment opportunity presents a 20,043-square-foot retail property in Shreveport, Louisiana, currently leased to St. Joseph Hospice, part of The Carpenter Health Network. The property, built in 1998 and situated on a 3.496-acre lot at 8950 E Kings Hwy, 71115, boasts a strong 12.3-year remaining lease term (commencing March 18, 2022, and expiring March 17, 2037) with attractive 2% annual rent increases. The Net Lease (NNN) structure ensures minimal landlord responsibilities. The property's strong financial performance is reflected in its $5,462,100 asking price, a $272.52 price per square foot, and a compelling 6.40% cap rate, generating a net operating income (NOI) of $349,574. The tenant, St. Joseph Hospice, provides inpatient hospice care, specializing in end-of-life care. The Carpenter Health Network, a well-established operator with numerous locations across the South, operates this facility. The property benefits from a high-traffic location near major retailers like Walmart, Target, and Lowe's, as well as significant medical facilities including Willis Knighton Piermont Health Center and CHRISTUS Highland Medical Center. The property's proximity to Louisiana State University of Shreveport, with its 9,300+ student population, further enhances its desirability. The lease includes two 5-year renewal options, each with 2% annual rent increases, providing long-term stability and predictable income growth. The 5-mile population is 97,102, with an average household income of $93,099. This is a turnkey investment opportunity with significant upside potential.