The subject property is a 30,000-square foot single tenant building leased to Ayers Institute, Inc., d/b/a Ayers Career College in Shreveport, Louisiana. The tenant recently executed a 10.5 year lease extension. The absolute net lease has scheduled annual rent increases with no options for renewal.
The subject property is located on Jewella Avenue at the intersection of the Inner Loop Expressway (LA 3132). Traffic counts are approximately 13,500-vehicles per day in front of the property, and the five mile population is 115,634. Area retailers include Valero, Office Depot, State Farm Insurance, Firestone, Burlington Coat Factory, Long John Silver’s, Metro PCS, Subway, H&R Block, Pro Cuts, Big Lots, Denny’s, Lowe’s, Applebee’s, Popeye’s Chicken, and others.