Sears - Pierre Bossier Mall
2950 East Texas Street, Bossier City, LA, 71111, US
8,460 m²
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant At Home (the “Property” or “Asset”) located at 1376 East 70th Street in Shreveport, LA.
The Property totals 109,169 SF and features a 15-year lease with a corporate guaranty from At Home, a unique home décor concept that offers up to 45,000 home décor items for every household room (the “Tenant”). The lease structure is an absolute NNN lease, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 2% annual rent bumps throughout the primary term & renewal options.
The asset has an affluent surrounding demographic profile, with residents in a 3-miles radius of the Property earning an average household income of $100,000+. Adjacent to the Asset, the Bayou Shopping Center sees 2.4 million annual visitors (top 10% in Louisiana).
The Offering provides investors with the opportunity to acquire over 10 years of passive cash flow from a national retail tenant, with in-place renewal options, and an exceptional surrounding demographic profile.