Shopping Strip
Market Street Plaza
1905 N Market St, Shreveport, LA 71107
Listing Price: $3,804,000
Investment Overview
Market Street Plaza is located on North Market Street near the intersection with Nelson Street, and benefits from close access to Interstate 220. Traffic counts in front of the property on North Market Street exceed 37,027 vehicles per day. Adjacent pad sites include Taco Bell, Valero gas station, O'Malley's Deli, Podnuh's Bar-B-Q, and Consortium Venue. Other neighboring retailers include Popeyes, O'Reilly Auto Parts, McDonald's, CVS, and others. The surrounding area has a population of around 74,749 residents and a strong daytime employment population exceeding 85,735 people within a five-mile radius, comprised largely of manufacturing, industrial, and warehousing businesses.
The property is located approximately eight miles northwest of Barksdale Airforce Base, with a population of more than 15,000 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.
Market Street Plaza
Investment Highlights
- 114,834-Square-Foot, Multi-Tenant Retail Center
- 71% Occupied | Comprised of Triple-Net, Gross, and Base Year Lease Structures | Significant Upside Potential | Pro Forma Cap Rate is 12.25%
- Anchored by J&M Furniture (35% of the GLA) | Long-Term Lease with Eight Years Remaining on the Primary Term
- Family Dollar, Citi Trends, Rent-A-Center, and H&R Block have all Occupied the Center for 20+ Years, Exhibiting Commitment to the Location
- Priced at $33 per Square Foot | Well Below Replacement Cost
- Shreveport is the Third Most Populous City in Louisiana after New Orleans and Baton Rouge | Serves at the Educational, Commercial, and Cultural Center for the Ark-La-Tex Region
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $3,804,000
Investment Highlights
- 114,834-Square-Foot, Multi-Tenant Retail Center
- 71% Occupied | Comprised of Triple-Net, Gross, and Base Year Lease Structures | Significant Upside Potential | Pro Forma Cap Rate is 12.25%
- Anchored by J&M Furniture (35% of the GLA) | Long-Term Lease with Eight Years Remaining on the Primary Term
- Family Dollar, Citi Trends, Rent-A-Center, and H&R Block have all Occupied the Center for 20+ Years, Exhibiting Commitment to the Location
- Priced at $33 per Square Foot | Well Below Replacement Cost
- Shreveport is the Third Most Populous City in Louisiana after New Orleans and Baton Rouge | Serves at the Educational, Commercial, and Cultural Center for the Ark-La-Tex Region
Investment Overview
Market Street Plaza is located on North Market Street near the intersection with Nelson Street, and benefits from close access to Interstate 220. Traffic counts in front of the property on North Market Street exceed 37,027 vehicles per day. Adjacent pad sites include Taco Bell, Valero gas station, O'Malley's Deli, Podnuh's Bar-B-Q, and Consortium Venue. Other neighboring retailers include Popeyes, O'Reilly Auto Parts, McDonald's, CVS, and others. The surrounding area has a population of around 74,749 residents and a strong daytime employment population exceeding 85,735 people within a five-mile radius, comprised largely of manufacturing, industrial, and warehousing businesses. The property is located approximately eight miles northwest of Barksdale Airforce Base, with a population of more than 15,000 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
Broker of Record
Financing By
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