Shreveport, LA, October 11, 2025
News Summary
A retail property leased to Academy Sports + Outdoors in Shreveport has been sold for $10.4 million. The deal, facilitated by SRS Real Estate Partners, involves a 72,525-square-foot space with 13 years remaining on its absolute triple-net lease. This sale highlights the appeal of corporate-leased properties amidst stable income-seeking investment trends. The identity of the seller, a private investor, remains undisclosed while the buyer is a publicly traded Real Estate Investment Trust.
Shreveport, LA – A retail property leased to Academy Sports + Outdoors has been sold for $10.4 million. The transaction was successfully negotiated by SRS Real Estate Partners, who represented the seller, a private investor whose identity remains undisclosed. The buyer is a publicly traded Real Estate Investment Trust (REIT).
The property features a 72,525-square-foot single-tenant retail space and is located on approximately 7.7 acres of land. Built in 2018, the facility has an absolute triple-net, corporate-guaranteed lease with 13 years remaining, ensuring a stable income stream for the new owner.
Michael Berk, Patrick Nutt, and Chip Watson from SRS’s Capital Markets team facilitated the transaction. Both the buyer and the seller have requested to remain anonymous, adhering to common practices in the commercial real estate market.
This sale highlights the ongoing interest in retail properties leased to well-established corporations, bolstered by robust leasing structures. The absolute triple-net lease agreement transfers most responsibilities associated with property management to the tenant, which in this case is Academy Sports + Outdoors, a major player in the sporting goods sector.
Academy Sports + Outdoors is known for offering a wide range of outdoor, sports, and lifestyle products, making it a popular destination for consumers in the region. This property in Shreveport not only provides considerable square footage but also benefits from the strategic location that attracts a diverse clientele.
The sale reflects broader trends in the real estate market where investors are actively seeking stable income-producing assets. Properties leased to corporate entities with proven histories are in particularly high demand, providing a sense of security amidst fluctuating market conditions.
This transaction marks one of the notable sales of retail space in Shreveport this year and further illustrates the ongoing investment appeal of the area.
Key Features of the Retail Property Transaction
- Sales Price: $10.4 million
- Property Size: 72,525 square feet
- Land Area: Approximately 7.7 acres
- Lease Type: Absolute triple-net, corporate-guaranteed
- Remaining Lease Duration: 13 years
- Year Built: 2018
- Buyer: Publicly traded REIT
- Seller: Anonymous private investor
- Representatives: SRS Real Estate Partners’ Michael Berk, Patrick Nutt, Chip Watson
FAQ Section
How much was the retail property sold for?
The retail property was sold for $10.4 million.
How large is the retail space leased to Academy Sports + Outdoors?
The retail space leased to Academy Sports + Outdoors is 72,525 square feet.
What type of lease is associated with this property?
The lease is described as an absolute triple-net, corporate-guaranteed lease.
How long is the remaining lease duration?
There are 13 years remaining on the lease.
When was the property built?
The property was built in 2018.
Who represented the seller in the transaction?
SRS’s Capital Markets team, including Michael Berk, Patrick Nutt, and Chip Watson, represented the seller.
Key Features Chart
| Feature | Details |
|---|---|
| Sales Price | $10.4 million |
| Property Size | 72,525 square feet |
| Land Area | Approximately 7.7 acres |
| Lease Type | Absolute triple-net, corporate-guaranteed |
| Remaining Lease Duration | 13 years |
| Year Built | 2018 |
| Buyer Type | Publicly traded REIT |
| Seller Type | Anonymous private investor |
| Representatives | SRS Real Estate Partners’ team |
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Additional Resources
- Rebusiness Online
- Wikipedia: Commercial Real Estate
- Shopping Center Business
- Google Search: Real Estate Investments
- Shreveport-Bossier Advocate
- Google Scholar: Real Estate Market Trends
- KTBS News
- Encyclopedia Britannica: Real Estate
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.
