Shreveport, October 10, 2025
News Summary
SRS Real Estate Partners has finalized the sale of a $10.4 million single-tenant retail property in Shreveport, Louisiana. The facility, leased to Academy Sports + Outdoors, spans 72,525 square feet and is situated on 7.7 acres. With a remaining lease term of 13 years under an absolute triple-net lease, this transaction signifies continued investor confidence in the local retail market. The seller was represented by SRS Capital Markets, while the buyer is a publicly traded Real Estate Investment Trust.
Shreveport – SRS Real Estate Partners has successfully brokered the sale of a $10.4 million single-tenant retail property located in Shreveport, Louisiana. The facility, leased to Academy Sports + Outdoors, a sporting goods retailer based in Texas, is a significant addition to the local property market.
The retail property encompasses a total area of 72,525 square feet and operates under an absolute triple-net lease that is corporate guaranteed. The remaining term on the lease stands at 13 years, providing long-term stability for the buyer.
Constructed in 2018, the property is situated on approximately 7.7 acres of land. The site is designed to accommodate the needs of both the retailer and its customers, ensuring a productive and efficient shopping experience.
Representing the seller, who is a private investor, were Michael Berk, Patrick Nutt, and Chip Watson of SRS Capital Markets. The buyer of the property is a publicly traded Real Estate Investment Trust (REIT). Both the seller and buyer have opted to remain anonymous in the announcement regarding this transaction.
This sale highlights the ongoing demand for retail properties within the market, especially those with stable tenants and long lease terms. Academy Sports + Outdoors stands out as a well-established retailer, drawing customers seeking sporting goods and outdoor recreational equipment.
Details of the Transaction
- Transaction Amount: $10.4 million
- Property Type: Single-tenant retail
- Retailer: Academy Sports + Outdoors
- Property Size: 72,525 square feet
- Lease Type: Absolute triple-net lease, corporate guaranteed
- Remaining Lease Term: 13 years
- Construction Year: 2018
- Land Area: Approximately 7.7 acres
- Seller Representation: Michael Berk, Patrick Nutt, Chip Watson (SRS Capital Markets)
- Buyer Type: Publicly traded Real Estate Investment Trust (REIT)
Market Context
Shreveport has seen a resurgence in retail investment in recent years, aided by economic growth and an expanding consumer base. Properties with established tenants like Academy Sports + Outdoors are particularly attractive to investors seeking reliable income streams. The long-term nature of the lease in this transaction adds a layer of security for the buyer while contributing to the vitality of the local retail environment.
As the retail landscape continues to evolve, transactions such as this one demonstrate the confidence investors have in proven retail concepts. The solid fundamentals offered by properties like this retail outlet contribute to ongoing investment activity in Shreveport and beyond.
FAQ
What was the sale amount of the property?
$10.4 million
What type of property was sold?
Single-tenant retail property
Who is the main tenant of the property?
Academy Sports + Outdoors
How large is the retail property?
72,525 square feet
What kind of lease does the property operate under?
Absolute triple-net lease, corporate guaranteed
How many years are remaining on the lease?
13 years
When was the property constructed?
2018
On how many acres of land does the property sit?
Approximately 7.7 acres
Who represented the seller in this transaction?
Michael Berk, Patrick Nutt, and Chip Watson of SRS Capital Markets
Who is the buyer of the property?
A publicly traded Real Estate Investment Trust (REIT)
| Key Features | Details |
|---|---|
| Sale Amount | $10.4 million |
| Property Type | Single-tenant retail |
| Main Tenant | Academy Sports + Outdoors |
| Property Size | 72,525 square feet |
| Lease Type | Absolute triple-net lease, corporate guaranteed |
| Remaining Lease Term | 13 years |
| Year of Construction | 2018 |
| Land Area | Approximately 7.7 acres |
| Seller Representation | Michael Berk, Patrick Nutt, Chip Watson (SRS Capital Markets) |
| Buyer Type | Publicly traded Real Estate Investment Trust (REIT) |
Deeper Dive: News & Info About This Topic
HERE Resources
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Bossier City Welcomes Six New Businesses Enhancing Local Economy
Shreveport-Bossier Area Set for Job Growth Surge
Shreveport Sees $10.4 Million Sale of Academy Sports + Outdoors Property
Academy Sports + Outdoors Retail Property Sold for $10.4 Million
SRS Real Estate Partners Brokers $10.4 Million Sale in Shreveport
Economic Growth Forecast for Northwest Louisiana
Additional Resources
- Shopping Center Business
- Wikipedia: Shreveport, Louisiana
- REBusiness Online
- Google Search: Shreveport commercial real estate
- Shreveport Times
- Encyclopedia Britannica: Shreveport
- 710 KEEL
- Google News: Shreveport retail news
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.
