September 30, 2021 – Hobart Hare of Horvath & Tremblay has successfully completed the sale of SouthStar Urgent Care in Shreveport, Louisiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,755,245.
SouthStar Urgent Care is located at 9525 Mansfield Road in Shreveport, Louisiana. The property features a 2,454 square foot newer construction medical building on a 0.826-acre lot. The building was built for and is 100% leased to SouthStar Urgent Care on a brand new 12-Year Double Net lease (the landlord is solely responsible for the structure). The lease calls for 1.25% annual rent increases for years 2 through 6 and 1.5% annual rent increases for years 7 through 12. Additionally, the lease has three (3), 5-Year renewal options with annual rent increases based on the change in CPI. The property is extremely well located along Mansfield Road, the area’s primary commercial and commuter corridor that has traffic counts in excess of 28,000 vehicles per day. The property benefits from outstanding visibility and frontage, is across the street from a Walmart Supercenter, and is surrounded by national retailers.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.