Burger King

8776 Youree Drive, Shreveport, LA 71115

Price: $2,300,836

Cap Rate: 5.50%

NOI: $126,546

Price Per SF: $796.96

Leasable Area: 2,887+ SF

Term Remaining: 11.5 Years

Year Built: 2017

Occupancy: 100%

Lot Size: 0.82 Acres

Status: Available

Highlights

  • 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.

BROKER OF RECORD: Brian Brockman,Inc Louisiana RE# BROK.0995684990-ASA 

41995 Boardwalk Suite L-1

Palm Desert, CA 92211

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Tel: 800-948-1250

Fax: 717-797-0004

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