Rare NNN Lease | Net Lease Investment Opportunity | 7.85% Cap Rate

For Sale

4923 Monkhouse Drive, Shreveport, LA 71109

This Shreveport property for sale is located at 4923 Monkhouse Drive. The current listed sale price for Rare NNN Lease | Net Lease Investment Opportunity | 7.85% Cap Rate is $1,481,500. Rare NNN Lease | Net Lease Investment Opportunity | 7.85% Cap Rate is situated on a lot that is 1.12 acre in size.

Contacts

broker
Nancy Miller, CCIM, MBA

Bull Realty

Property Details

  • Property Type Retail - Street Retail
  • Property Size 8,320 SF
  • Units 1
  • Lot Size 1.12 Acre
  • Parking Spaces Avail. 42
  • Property Tenancy Single Tenant
  • Year Built 2015
  • Date Updated Jul 9, 2025
This property is located in Shreveport, LA which falls within Caddo County.PRICE ADJUSTMENT! This successful absolute NNN Family Dollar has a major price reduction to $1,481,500 or a 7.85% cap rate. It is located near the Shreveport Regional Airport and Interstate 20 with combined traffic counts of over 54,000 VPD. Placer.ai ranks this location in the top 30% nationwide in store sales as compared to other Family Dollars along with 3.5% year over-year growth in store sales! More good news - the blended average cap rate effective April of 2026 with the 10% rent increase is 8.53% for the remaining initial term. This strong performing store, located in an area with a five-mile population over 90,000 and average household income of just over $59K, has over 5 ½ years remaining on the initial term and 6 five-year renewal options with 10% rent increases in each option period. Major hotel chains nearby include Best Western, Days Inn, Residence Inn, Economy Inn, and Super 8. Shreveport is also home to Barksdale Air Force Base, the largest employer in the Shreveport-Bossier City MSA, which includes other major employers - LSU-Shreveport, Louisiana Tech, Southern University, Centenary College, and many national retailers and casinos. This location has a strong corporate guaranty by Family Dollar with over 7,500 locations throughout the U.S.
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Highlights

  • AGGRESSIVE 8.53%+ average cap rate for the remaining 5.75 years of the term based on April 2026 rent increase of 10%.
  • CAP RATE ADJUSTMENT – Raised to a 7.85% from 7.7% on this rare 15-year ABSOLUTE NNN lease.
  • LARGE METRO AREA - Shreveport is the 3rd largest city in LA with a 5-mile population of over 90,000 and average household income just over $59K.
  • Louisiana License #: 0095683059
  • STRONG CORPORATE GUARANTOR - Family Dollar with over 7,500 stores nationwide.
  • TOP THIRD in the U.S. in store sales per Placer.ai with a year-over-year increase in sales of 3.5%!
  • TRAFFIC COUNTS OVER 54K VPD with store located just off Interstate-20 off ramp and near the Shreveport Regional Airport.
  • TRAFFIC GENERATORS include major hotels and retailers with other area employers including Barksdale AFB, the largest employer in the MSA along with major universities gaming venues.

Getting around

  • 34/100

    Walk Score ®

  • 30/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Shreveport, LA
  • Neighborhood Country Club Hills - Lakeshore
  • Zip Code 71109

Points of Interest

  • Texaco

    1.83 miles

  • Shell

    1.86 miles

  • Valero

    2.25 miles

  • Brookshire's Gas

    2.52 miles

  • Murphy USA

    2.58 miles

  • Chevron

    2.78 miles

  • Super 1 Foods

    2.79 miles

  • Tesla Supercharger

    4.34 miles

  • Quick Park

    0.58 miles

  • Long Term Parking

    0.59 miles

  • Short Term Parking

    0.63 miles

  • Patient Parking

    3.84 miles

  • Staff Parking

    3.90 miles

  • Reserved Patient Parking

    3.95 miles

  • Waffle House

    0.27 miles

  • Sonic

    1.65 miles

  • Burger King

    1.76 miles

  • Subway

    1.78 miles

  • Checkers

    1.79 miles

  • Pizza Hut

    1.81 miles

  • McDonald's

    1.83 miles

  • Whataburger

    1.84 miles

  • Southern Classic Chicken

    1.85 miles

  • Popeyes

    1.91 miles

  • Country Market Shopping Center

    1.72 miles

  • Super 1 Foods

    2.04 miles

  • Piggly Wiggly

    2.57 miles

  • Brookshire's

    2.59 miles

  • Walmart Supercenter

    2.67 miles

  • Lakeshore Shopping Center

    3.42 miles

  • 1700 Kings Highway Plaza

    3.78 miles

  • Shopping Center

    3.88 miles

  • Mall St. Vincent

    4.40 miles

  • Kroger

    4.41 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Nancy Miller, CCIM, MBA

Bull Realty

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