8776 Youree Drive, Shreveport, LA 71115
Cap Rate: 5.50%
Price Per SF: $796.96
Leasable Area: 2,887+ SF
Term Remaining: 11.5 Years
Year Built: 2017
Lot Size: 0.82 Acres
Long Term Lease - There are 11.5 years remaining on the initial term of the lease. Which is followed by four, 5-years options.
University Location - The property is excellently located across the street from LSU-Shreveport, which has annual enrollment just under 9,000 students in the Shreveport-Bossier City metropolitan area.
Rental Increases - 5% Rental increases every five years during the base term and option periods.
Strong Tenant - 1,000+ Unit operator, Carrol's Restaurant Group, Inc is the Largest Burger King Operator in the Nation. 2021 marks Carrol's 61st year in the business.
Essential Amazon Proof Business - The subject property has a double drive-thru and has remained open throughout the mandatory stay-at-home orders given by the government at a result of the Covid-19 pandemic.
Zero Landlord Responsibility - Absolute Triple Net Lease. There are Zero Management responsibilities, perfect for buyers looking for a “hands-off” investment.