8902 Jewella Avenue
Shreveport, Louisiana
Price:
$3,868,600
Cap Rate:
6.00%
NOI:
$232,116
Building Size:
Approx. 20,184 Sq. Ft.
Lot Size:
Approx. 2.53 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
1970
Investment Overview
- 1970 Construction. 20,184+/- SF Building on 2.53+/- Acre Site
- Approximately 5 Years Remaining on Net Lease, 10% Rental Increases Every Five Years with (1), 5-Year Option to Renew
- High-Visibility Location Along Jewella Avenue With Up to 57,000 VPD
- Immediate Trade Area – Lowe’s, Advance Auto Parts, Office Depot, Valero, Exxon, Family Dollar, Raising Cane’s, and DD’s Discounts
- Regional Demand Drivers Nearby – Barksdale Air Force Base (14,000 employees), Willis-Knighton Health System (7,400+ employees; 300+ beds), Ochsner LSU Health Shreveport (3,290 employees; 400+ beds), & More
- Firestone Complete Auto Care (1,820+ Locations Nationwide) – Backed by Bridgestone, the World’s Largest Tire & Rubber Company
- Shreveport | State’s Third-Largest City; Anchors the Ark-La-Tex Region | Population: 175,151+