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America's Auto Auction

8000 U.S. 80, Shreveport, LA 71119

$3,840,000

Cap Rate 6.25%

Views: 24 DOM: 23 Updated: 11.01.24 Posted: 10.23.24 Status: Active

Summary

Price $3,840,000
Tenant America's Auto Auction
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 20,660
Lease Start 09-01-2021
#Units 43
Price/SF $185.87
Expiration 08-31-2041
Tenant Type Industrial
NOI $240,000
R. Term 16.9
Ownership Fee Simple
Rent/SF $11.62
Increases 0.0%/0/yrs
Pop 5Mi 21,377
Lot/AC 20.00
Options 4/5yrs
AHHI 5Mi $73,607

Stratton Greig
Sands Investment Group
Contact

Austin Marsh
Sands Investment Group
Contact

Thomas Miller
Sands Investment Group
Contact

Will Beightol
Sands Investment Group
Contact

Lease Highlights

  • America’s Auto Auction has 16+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2XCPI increases no greater than 10% every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

America's Auto Auction is strategically located on US Highway 80, with access to 17,563 vehicles passing by daily. The property benefits from quick access to I-20 and I-49, providing connectivity to all major US markets within a 40-hour drive time. Key educational institutions nearby include Greenwood High School, Greenwood Middle School, and Greenwood Upper Elementary School. The immediate...

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Key Features

  • Build to suit

  • Oversized lot

  • Strategically located

  • Freeway visibility

  • Highway location

  • Major MSA

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

    • ...

Links

America's Auto Auction Wikipedia Shreveport, Louisiana Zip Code 71119 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

America’s Auto Auction is a leading full-service provider of used-vehicle auction services, facilitating the wholesale remarketing of vehicles for business-to-business (B2B) customers. Founded in...


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Listing Broker

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