Petco & Boot Barn | Shreveport, LA
Sands Investment Group is Pleased to Present Exclusively For Sale the Two Tenant Petco & Boot Barn NN Asset, Located Within the Highly Desirable Bayou Walk Shopping Center at the Intersection of Youree Drive & E 70th Street in Shreveport, LA. Bayou Walk Shopping Center Features a Strong Destination Location With Adjacent Retailers Including Kroger, Barnes & Noble, Old Navy, JoAnn Fabric and More. Both Boot Barn & Petco Recently Exercised Their Options Early, Demonstrating Confidence in the Location. With 6+ Years Remaining For Each Tenant & Strong Rental Increases at Each Option Period, This Asset Offers an Investor a Stable Investment With Attractive Rental Growth in the Future. Offered at a 7.13% Cap Rate With Low Existing Lease Rates, This is a Rare Opportunity to Acquire a High Yielding Investment at a Low-Cost Per Square Foot.
PRIME RETAIL INVESTMENT OPPORTUNITY:
- High Yield (7.13% Cap Rate) & Low Cost Per Square Foot Opportunity ($231 PSF)
- Both Tenants Feature Low Rents Providing Future Security to New Investors
- 100% Leased Asset With 6+ Years Remaining on Current Lease Term With Both Tenants
- Each Tenant Exercised Their Options Early Demonstrating Confidence in the Location
- Strong Rental Increases of 10% at the Option Periods, Providing Hedge For Inflation
- Seller to Deliver Property With Brand New Roof – Reducing Potential Near Term Capital Expenditures For New Investor
STRONG RETAIL TENANTS WITH NATIONAL PRESENCE:
- National Tenants Featuring Corporate Guaranteed Leases
- Long-Term Operating History at Location – Petco Has Been at This Location For Over 20 Years, Boot Barn Has Been at the Site For Nearly 10 Years
- Petco is a Leading Pet Specialty Retailer With Over 1,500 Locations Nationwide, Underscoring Their Financial Stability and Widespread Consumer Trust
- Boot Barn is a Well-Established National Retailer Specializing in Westem and Work-Related Apparel, With Over 290 Locations Across the United States, Boot Barn’s Extensive Network and Strong Market Presence Make Them a Reliable and Stable Tenant
STRATEGIC LOCATION ADVANTAGES:
- High-Traffic Intersection: Located on Youree Drive Near the Intersection of E 70th Street Featuring over 40,000 VPD
- Dense Population Base With Over 60,000 People Within 3- Miles
- Affluent Trade Area – Over $77,000 Average Household Income Within a 3-Mile Radius
- Destination Location – Situated in the Highly Desirable Bayou Walk Shopping Center, Featuring Major Retailers Including Kroger, Barnes & Noble, Old Navy, Party City and More
- Dominant Retail Hub – Strategically Located on the Major Retail Corridor in the Trade Area With Additional Nearby Tenants Including Whole Foods, Target, Best Buy, Lowe’s, Ross, Hobby Lobby, TJ Maxx, PetSmart, Burlington and Others
In Cooperation With Sands Investment Group Louisiana, LLC – Lic. #BROK.0995702111-CORP BOR: Andrew Ackerman Lic. LA #BROK.0995700567-ACT
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