Cap Rate: 6.00%
Net Operating Income: $57,600
Square Footage: 1,083
This is an absolute net leased C-Store offering in Blanchard, LA. This BP branded station has a new 20 year absolute NNN lease and calls for 1.75% annual increases in rent. The lease is corporately guaranteed by a leading 462-unit operator.
Blanchard is the suburban town of Shreveport, and the fourth-largest municipality by population in Caddo Parish, Louisiana, United States. The population was 2,899 at the 2010 census. It is part of the Shreveport–Bossier City Metropolitan Statistical Area. Louisiana Highway 173 passes through the town as Main Street. Downtown Shreveport is 10 miles (16 km) to the southeast.