Marcus & Millichap is pleased to present the opportunity to acquire a 339,338-square-foot, multi-tenant community center that is shadow-anchored by Walmart in Shreveport, Louisiana. Shreve City Shopping Center is currently 87 percent occupied with a combination of triple-net, gross, and base year leases providing significant upside potential. The tenant base is a complementary mix of national and local tenants. Anchored by Burlington Coat Factory, other tenants include Dollar Tree, Big Lots, Citi Trends, Goodwill, Crazy Hot Deals, Rainbow, New Ink, Daiquiri Express, What’s on Tap, Roses, Delta Pathology, Hair Salon, Ocean Dental, Mariner Finance, Guy’s Academy, Vape Shop, California Nail Salon, and a Wendy’s pad site. Additional income is derived from a long-term billboard lease. The center was constructed in 1961 and is situated on two land parcels totaling 28.75 acres with ample paved parking. Recent property improvements include a new roof with a 20-year warranty and all new LED parking lot lights.
- 339,338-Square-Foot, Multi-Tenant Community Center
- Shadow-Anchored by Walmart
- Anchored by Burlington and Big Lots | 75% of the Gross Leasable Area has National/Regional Credit | 45% of the Gross Leasable Area is Leased to Publicly Traded Companies (Burlington, Big Lots, Dollar Tree, and Citi Trends)
- 87% Occupied | Comprised of Triple-Net, Gross, and Base Year Leases | Seven Tenants have Percentage Rent Clauses | Significant Upside Potential
- Additional Income from Long-Term Billboard Lease | 13 Years Remaining on the Term Including Scheduled Rent Escalations with a 10-Year Renewal Option
- Landlord Reports more than $2M in Recent Improvements (2022) | New Roof Installed with a 20-Year Warranty | New Parking Lot Striping | Property Features all LED Parking Lot Lights
- Property Consists of Eight Buildings Situated on a Large 27.84-Acre Parcel
- Includes a Pad Site that is Already Platted to Build a 7,500-Square-Foot Building or Potentially Two Drive-Through Pads
- Situated on Shreveport Barksdale Highway Near the Signalized Intersection with Knight Street | Traffic Counts are Approximately 18,429 Vehicles per Day
- Located at the Base of One of the Main Bridges Connecting Shreveport to Bossier City | The Shreveport-Barksdale Bridge Carries Approximately 25,500 Vehicles per Day
- Close Proximity to Barksdale Airforce Base | Population of Approximately 14,581 Active Duty Members, Reservists, Family Members, and Civilians that Add to the Population of the Retail Trade Area
- Home to Ochsner-LSU Health, Composed of Three Different Schools: the School of Medicine, School of Graduate Studies, and School of Allied Health Professions
- Shreveport is the Third Most Populous City in Louisiana after New Orleans and Baton Rouge, Respectively
- Part of the Shreveport-Bossier City Metropolitan Area | Tourist Destination Boasting more than 10,000 Hotel Rooms, Five Casinos, One Horse Racing Track, and 55+ Festivals and Annual Events
