Petco & Boot Barn NN Asset Retail Shreveport Louisiana

Make an Offer

Investment Offering

Tenant: Petco & Boot Barn | Shreveport, LA
Premises: 29,000 SF
Renewal Options: 2 x 5 Year Options

Lease Expiration: Varies
Lease Type: NN
Rental Increases: Approximately 10% at Options

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 5.5+ 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 7.50% 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 (7.50% Cap Rate) & Low Cost Per Square Foot Opportunity ($220 PSF)
Both Tenants Feature Low Rents Providing Future Security to New Investors
100% Leased Asset With 5.5+ 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 Western 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

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG

Tenant Overview

PETCO

Founded in 1965, Petco is a category-defining health and wellness company focused on improving the lives of pets, pet parents and our own Petco partners. We’ve consistently set new standards in pet care while delivering comprehensive pet wellness products, services and solutions, and creating communities that deepen the pet-pet parent bond. We operate more than 1,500 pet care centers across the U.S., Mexico and Puerto Rico, which offer merchandise, companion animals, grooming, training and a growing network of on-site veterinary hospitals and mobile veterinary clinics. Our complete pet health and wellness ecosystem is accessible through our pet care centers and digitally at petco.com and on the Petco app. In tandem with Petco Love, an independent nonprofit organization, we work with and support thousands of local animal welfare groups across the country and, through in-store adoption events, we’ve helped find homes for nearly 7 million animals.

BOOT BARN

Boot Barn is the nation’s leading lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company offers its loyal customer base a wide selection of work and lifestyle brands. As of the date of this release, Boot Barn operates 411 stores in 46 states, in addition to an e-commerce channel www.bootbarn.com. Boot Barn started as one store in 1978, and has now become one of the largest western and work wear retailers in the nation. They say their customers feed America, build America, and protect America. They strive to honor and support the varying lifestyles of the people who make the country great. Boot Barn values honesty, hard work, ingenuity, and perseverance. Boot Barns vision is simple – to offer a piece of the American spirit.

Area Overview