Shreveport, Louisiana, October 8, 2025
News Summary
A significant retail property in Shreveport, Louisiana, has been sold for $10.4 million. The asset, occupied by Academy Sports + Outdoors, has a substantial area of 72,525 square feet and sits on approximately 7.7 acres. Built in 2018, the property features an absolute triple-net lease with 13 years remaining, attracting a publicly traded Real Estate Investment Trust as the buyer. The sale represents a growing interest in retail investments within Shreveport’s recovering commercial real estate market.
Shreveport Sees $10.4 Million Sale of Academy Sports + Outdoors Property
A significant retail property in Shreveport, Louisiana, has been sold for $10.4 million. The single-tenant retail facility occupied by Academy Sports + Outdoors was sold through the brokerage of SRS Real Estate Partners.
The property encompasses a total area of 72,525 square feet and features a substantial footprint situated on approximately 7.7 acres of land. This retail building, which was constructed in 2018, has gained attention for its absolute triple-net lease structure, which is guaranteed by a corporate entity. The lease has 13 years remaining, providing a stable income stream for the buyer.
Representatives from SRS Capital Markets, including Michael Berk, Patrick Nutt, and Chip Watson, handled the transaction on behalf of the seller, a private investor. The final buyer of the property is a publicly traded Real Estate Investment Trust (REIT). Both parties involved in the transaction have opted for anonymity throughout the deal.
Details of the Sale
The completed sale of the Academy Sports + Outdoors property highlights the ongoing investment interest in retail spaces in Shreveport. With the local economy bolstered by various factors, this sale is indicative of a recovering market in commercial real estate.
Understanding Triple-Net Leases
In a triple-net lease arrangement, tenants are responsible for property taxes, insurance, and maintenance costs in addition to base rent. This structure lowers the financial burden on property owners and is often favored by investors for its perceived stability and predictability.
Background Context
Academy Sports + Outdoors is a well-known sporting goods retailer, providing a variety of outdoor and sporting equipment. As retail trends shift toward online shopping, brick-and-mortar locations are adapting to meet consumer needs. The sale of this retail property underscores the long-term potential and demand for quality retail spaces, especially with established tenants.
Following the 2018 construction, the property’s design conforms to modern retail expectations. Shreveport, particularly, has seen a gradual uptick in real estate activities post-pandemic, making it an increasingly attractive locale for investments in retail properties.
FAQ
What is the sale price of the Academy Sports + Outdoors retail property in Shreveport?
The property sold for $10.4 million.
What is the total area of the retail building?
The building has a total area of 72,525 square feet.
What type of lease does the property feature?
The property features an absolute triple-net lease structure.
Who represented the seller in this transaction?
The seller was represented by Michael Berk, Patrick Nutt, and Chip Watson of SRS Capital Markets.
When was the building constructed?
The building was constructed in 2018.
Key Features Chart
| Feature | Details |
|---|---|
| Sale Price | $10.4 million |
| Location | Shreveport, Louisiana |
| Total Area | 72,525 square feet |
| Land Area | 7.7 acres |
| Lease Type | Absolute triple-net lease |
| Years Remaining on Lease | 13 years |
| Year Built | 2018 |
| Representatives | Michael Berk, Patrick Nutt, Chip Watson |
| Buyer Type | Publicly traded REIT |
Deeper Dive: News & Info About This Topic
HERE Resources
Academy Sports + Outdoors Retail Property Sold for $10.4 Million
SRS Real Estate Partners Brokers $10.4 Million Sale in Shreveport
Shreveport Property Sold for $10.4 Million
SRS Real Estate Partners Brokers $10.4 Million Retail Sale in Shreveport
Additional Resources
- Shopping Center Business
- REBusinessOnline
- Shreveport-Bossier Advocate
- Wikipedia: Commercial Real Estate
- Google Search: Retail Real Estate Market Trends
Author: STAFF HERE SHREVEPORT WRITER
The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
