Skip to main content

Shopping Community

Shreve City Shopping Center

1253 Shreveport Barksdale Hwy, Shreveport, LA 71105

Listing Price: $28,262,000

Cap Rate
7.06%
Gross SF
339,338
Rentable SF
339,338
Price/Gross SF
$83.29
Lot Size
28.75 acres
Year Built
1961

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 339,338-square-foot, multi-tenant community center that is shadow-anchored by Walmart in Shreveport, Louisiana. Shreve City Shopping Center is currently 87 percent occupied with a combination of triple-net, gross, and base year leases providing significant upside potential. The tenant base is a complementary mix of national and local tenants. Anchored by Burlington Coat Factory, other tenants include Dollar Tree, Big Lots, Citi Trends, Goodwill, Crazy Hot Deals, Rainbow, New Ink, Daiquiri Express, What's on Tap, Roses, Delta Pathology, Hair Salon, Ocean Dental, Mariner Finance, Guy's Academy, Vape Shop, California Nail Salon, and a Wendy's pad site. Additional income is derived from a long-term billboard lease. The center was constructed in 1961 and is situated on two land parcels totaling 28.75 acres with ample paved parking. Recent property improvements include a new roof with a 20-year warranty and all new LED parking lot lights. Shreve City Shopping Center is located on Shreveport Barksdale Highway near the signalized intersection with Knight Street and has multiple ingress and egress points. Cumulative traffic counts are approximately 18,429 vehicles per day. The subject property is located near many national and regional retailers, including McDonald's, Enterprise Rent-A-Car, Metro by T-Mobile, Church's Chicken, Dollar General, Popeye's, Pizza Hut, Wingstop, AutoZone, Domino's, CVS, Walgreen's, Brookshire's and more. The property is in close proximity to Barksdale Airforce Base, with a population of approximately 14,581 active duty members, reservists, and civilians. The city is also home to Ochsner-LSU Health, a public university focused on health sciences composed of three different schools: the School of Medicine, School of Graduate Studies, and School of Allied Health Professions.

Investment Highlights

  • 339,338-Square-Foot, Multi-Tenant Community Center | Shadow-Anchored by Walmart
  • Anchored by Burlington and Big Lots | 75% of the Gross Leasable Area has National/Regional Credit | 45% of the Gross Leasable Area is Leased to Publicly Traded Companies (Burlington, Big Lots, Dollar
  • 87% Occupied | Comprised of Triple-Net, Gross, and Base Year Leases | Seven Tenants have Percentage Rent Clauses | Significant Upside Potential
  • Landlord Reports more than $2M in Recent Improvements (2022) | New Roof Installed with a 20-Year Warranty | New Parking Lot Striping | Property Features all LED Parking Lot Lights

Exclusively Listed By

Shopping Community

Shreve City Shopping Center

Listing Price: $28,262,000

Cap Rate
7.06%
Gross SF
339,338
Rentable SF
339,338
Price/Gross SF
$83.29
Lot Size
28.75 acres
Year Built
1961

Investment Highlights

  • 339,338-Square-Foot, Multi-Tenant Community Center | Shadow-Anchored by Walmart
  • Anchored by Burlington and Big Lots | 75% of the Gross Leasable Area has National/Regional Credit | 45% of the Gross Leasable Area is Leased to Publicly Traded Companies (Burlington, Big Lots, Dollar
  • 87% Occupied | Comprised of Triple-Net, Gross, and Base Year Leases | Seven Tenants have Percentage Rent Clauses | Significant Upside Potential
  • Landlord Reports more than $2M in Recent Improvements (2022) | New Roof Installed with a 20-Year Warranty | New Parking Lot Striping | Property Features all LED Parking Lot Lights

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 339,338-square-foot, multi-tenant community center that is shadow-anchored by Walmart in Shreveport, Louisiana. Shreve City Shopping Center is currently 87 percent occupied with a combination of triple-net, gross, and base year leases providing significant upside potential. The tenant base is a complementary mix of national and local tenants. Anchored by Burlington Coat Factory, other tenants include Dollar Tree, Big Lots, Citi Trends, Goodwill, Crazy Hot Deals, Rainbow, New Ink, Daiquiri Express, What's on Tap, Roses, Delta Pathology, Hair Salon, Ocean Dental, Mariner Finance, Guy's Academy, Vape Shop, California Nail Salon, and a Wendy's pad site. Additional income is derived from a long-term billboard lease. The center was constructed in 1961 and is situated on two land parcels totaling 28.75 acres with ample paved parking. Recent property improvements include a new roof with a 20-year warranty and all new LED parking lot lights. Shreve City Shopping Center is located on Shreveport Barksdale Highway near the signalized intersection with Knight Street and has multiple ingress and egress points. Cumulative traffic counts are approximately 18,429 vehicles per day. The subject property is located near many national and regional retailers, including McDonald's, Enterprise Rent-A-Car, Metro by T-Mobile, Church's Chicken, Dollar General, Popeye's, Pizza Hut, Wingstop, AutoZone, Domino's, CVS, Walgreen's, Brookshire's and more. The property is in close proximity to Barksdale Airforce Base, with a population of approximately 14,581 active duty members, reservists, and civilians. The city is also home to Ochsner-LSU Health, a public university focused on health sciences composed of three different schools: the School of Medicine, School of Graduate Studies, and School of Allied Health Professions.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower