Offering Memorandum
Property Highlights
- 9+ YEARS REMAINING ON ABSOLUTE TRIPLE-NET (NNN) LEASE
- 10% RENT INCREASES EVERY 5 YEARS, NEXT INCREASE ON 1/4/2025
- NO OPTIONS TO RENEW AFTER CURRENT TERM EXPIRES
- BELOW MARKET RENT & BELOW REPLACEMENT COST PRICE
- LOCATED ONE BLOCK OFF OF INTERSTATE-20 (62,000 VPD) AND ON US-79 (GREENWOOD ROAD, 11,900 VPD)
- SHREVEPORT IS THE 3RD MOST POPULOUS CITY IN LOUISIANA (POPULATION OF 196,036)
- Price: $871,000
- Lot Size: .47
- Cap Rate: 6.50%
- Lease Type: N/A
- Year Built: N/A
- Building SF: 2,012
- Status: Sold
- Guarantor: Franchisee