Cap Rate: 6.00%
Net Operating Income: $60,000
Square Footage: 1,737
This is an absolute net leased C-Store offering in Shreveport, 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.
Shreveport is a city in the U.S. state of Louisiana. It is the most populous city in the Shreveport–Bossier City metropolitan area, and ranks third in population in Louisiana after Baton Rouge and New Orleans; with the Lafayette consolidated population in 2019, Shreveport ranks fourth in population. The bulk of Shreveport is in Caddo Parish, of which it is the parish seat. Shreveport extends along the west bank of the Red River (most notably at Wright Island, the Charles and Marie Hamel Memorial Park, and Bagley Island) into neighboring Bossier Parish. The population of Shreveport was 199,311 at the 2010 U.S. census. The United States Census Bureau’s 2020 census for the city’s population decreased to 187,593