Rare NNN Lease | Net Lease Investment Opportunity | 7.2% Cap Rate

For Sale

4923 Monkhouse Drive, Shreveport, LA 71109

This Shreveport property for sale is located at 4923 Monkhouse Drive. The current listed sale price for Rare NNN Lease | Net Lease Investment Opportunity | 7.2% Cap Rate is $1,620,000. Rare NNN Lease | Net Lease Investment Opportunity | 7.2% Cap Rate is situated on a lot that is 1.12 acre in size.

Contacts

broker
Nancy Miller, CCIM, MBA

Bull Realty

Property Details

  • Property Type Retail - Street Retail
  • Property Size 8,320 SF
  • Units 1
  • Lot Size 1.12 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 42
  • Property Tenancy Single Tenant
  • Year Built 2015
  • Date Updated Dec 10, 2024
This property is located in Shreveport, LA which falls within Caddo County.This rare, absolute NNN Family Dollar in Shreveport, the 3rd largest city in Louisiana, is located on a large 1+ acre corner parcel just off Interstate 20, near the Shreveport Regional Airport, with combined traffic counts of over 65,000 VPD. It is surrounded by major hotel chains including Best Western, Days Inn, Residence Inn, Economy Inn, and Super 8. The ±8,320 SF store features an attractive upgraded stucco façade. This is a rare opportunity for a higher investor return due to the upcoming 10% rent increase in April 2026 (11th year of the lease term). The asking cap rate is 7.2%, with a blended cap rate for the remaining initial 6.75-year term of over 7.7% with 6 five year options remaining! The current rent/SF is only $13.98! Shreveport, located in NW Louisiana is known as a center of culture, commerce, and entertainment. It is home to Barksdale Air Force Base, the largest employer in the Shreveport-Bossier City MSA, along with other large employers including LSU Shreveport, Louisiana Tech, Southern University, Centenary College, and many national and regional casinos. The five-mile population is over 91,000 and average household income is almost $60K. This established and successful location has a strong corporate guaranty by Family Dollar, a subsidiary of Dollar Tree with over 16,000 locations throughout the US.
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Highlights

  • Rare ABSOLUTE NNN lease with almost 7 years remaining in the initial term with 6 five-year renewal options
  • Competitively priced at a 7.2% cap rate with a blended average cap rate of 7.7% after the upcoming April 2026 rent increase
  • Attractive upgraded stucco façade on a large, 1+ acre corner parcel
  • Busy location just off I-20 with combined traffic counts of over 65K VPD
  • Major hotels and retailers in the immediate area with other area employers including Barksdale AFB, Ochsner/ LSU Health System, major universities and large gaming venues
  • Shreveport is the 3rd largest city in LA with a 5-mile population of over 91,000 and average household income just under $60K
  • Strong corporate guarantor, Family Dollar, a subsidiary of Dollar Tree with a BBB- investment grade rating
  • Louisiana License #: 0095683059

Getting around

  • 34/100

    Walk Score ®

  • 30/100

    Bike Score ®

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Location

  • City Shreveport, LA
  • Neighborhood Country Club Hills - Lakeshore
  • Zip Code 71109

Points of Interest

  • Texaco

    1.83 miles

  • Shell

    1.86 miles

  • Valero

    2.25 miles

  • Brookshire's Gas

    2.52 miles

  • Murphy USA

    2.58 miles

  • Chevron

    2.78 miles

  • Super 1 Foods

    2.79 miles

  • Tesla Supercharger

    4.34 miles

  • Quick Park

    0.58 miles

  • Long Term Parking

    0.59 miles

  • Short Term Parking

    0.63 miles

  • Patient Parking

    3.84 miles

  • Staff Parking

    3.90 miles

  • Reserved Patient Parking

    3.95 miles

  • Waffle House

    0.27 miles

  • Sonic

    1.65 miles

  • Burger King

    1.76 miles

  • Subway

    1.78 miles

  • Checkers

    1.79 miles

  • Pizza Hut

    1.81 miles

  • McDonald's

    1.83 miles

  • Whataburger

    1.84 miles

  • Southern Classic Chicken

    1.85 miles

  • Popeyes

    1.91 miles

  • Country Market Shopping Center

    1.72 miles

  • Super 1 Foods

    2.04 miles

  • Piggly Wiggly

    2.57 miles

  • Brookshire's

    2.59 miles

  • Walmart Supercenter

    2.67 miles

  • Lakeshore Shopping Center

    3.42 miles

  • 1700 Kings Highway Plaza

    3.78 miles

  • Shopping Center

    3.88 miles

  • Mall St. Vincent

    4.40 miles

  • Kroger

    4.41 miles

In-Depth Research Available for this Property

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Contact Listing Broker
broker
Nancy Miller, CCIM, MBA

Bull Realty