Shreveport, October 9, 2025
News Summary
SRS Real Estate Partners has brokered the sale of a retail property in Shreveport, Louisiana, valued at $10.4 million. This property, a single-tenant store leased to Academy Sports + Outdoors, spans 72,525 square feet and is secured under an absolute triple-net lease with 13 years remaining. Constructed in 2018, it occupies 7.7 acres of land and highlights the growing investor interest in stable retail properties.
Shreveport, Louisiana – SRS Real Estate Partners has successfully brokered a significant sale of a retail property, valued at $10.4 million. The transaction involves a single-tenant store leased to Academy Sports + Outdoors, a prominent sporting goods retailer based in Texas.
The property spans 72,525 square feet and is under an absolute triple-net lease. This type of lease places the financial responsibility for property operations—including taxes, insurance, and maintenance—entirely on the tenant. Notably, the lease is corporate guaranteed and has 13 years remaining, providing stability for the property’s owner.
Constructed in 2018, the retail property occupies approximately 7.7 acres of land, strategically located within Shreveport. The sale was facilitated by a team from SRS Capital Markets, comprising Michael Berk, Patrick Nutt, and Chip Watson, who represented the seller, identified as a private investor.
The buyer in this transaction is a publicly traded Real Estate Investment Trust (REIT). Due to the terms of the sale, both parties involved in the transaction have requested anonymity.
Significance of the Transaction
This sale is indicative of the ongoing interest and investment in retail real estate, particularly properties leased to stable and recognized brands like Academy Sports + Outdoors, which is known for its extensive range of outdoor and sporting goods.
About Academy Sports + Outdoors
Academy Sports + Outdoors operates numerous stores throughout the United States and has established a strong presence in the retail market. The company focuses on providing customers with a variety of sporting goods, clothing, and equipment for outdoor activities.
Real Estate Market Overview
The retail real estate market has seen fluctuations in recent years, yet properties under long-term leases with corporate guarantees continue to attract investors looking for resilient investment opportunities.
SRS Real Estate Partners specializes in the sale and lease of retail properties nationwide, acting as a trusted advisor in the commercial real estate sector. Their expertise in navigating such transactions has positioned them as a leader in the market.
Future Outlook
As the retail landscape evolves, transactions like this one signal confidence among investors and highlight the demand for quality properties with reliable tenants. The sustainability of retail growth will depend on various factors, including changing consumer behaviors and market conditions.
Key Transaction Details
- Transaction Amount: $10.4 million
- Property Size: 72,525 square feet
- Lease Type: Absolute triple-net
- Remaining Lease Term: 13 years
- Construction Year: 2018
- Land Area: 7.7 acres
FAQs
What was the value of the Academy Sports + Outdoors property sale?
The transaction is valued at $10.4 million.
How large is the property?
The building occupies 72,525 square feet of space.
What type of lease is associated with the property?
The property operates under an absolute triple-net lease.
How many years are remaining on the lease?
The lease is corporate guaranteed, with 13 years remaining.
When was the property built?
The property was built in 2018.
What is the size of the land the property is situated on?
The property is situated on approximately 7.7 acres of land.
Who represented the seller in this transaction?
Michael Berk, Patrick Nutt, and Chip Watson from SRS Capital Markets represented the seller.
Who is the buyer of the property?
The buyer of the property is a publicly traded Real Estate Investment Trust (REIT).
Key Features Chart
| Feature | Details |
|---|---|
| Transaction Value | $10.4 million |
| Property Size | 72,525 square feet |
| Lease Type | Absolute triple-net lease |
| Remaining Lease Term | 13 years |
| Construction Year | 2018 |
| Land Area | 7.7 acres |
Deeper Dive: News & Info About This Topic
HERE Resources
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Additional Resources
- Shopping Center Business: SRS Real Estate Brokers $10.4 Million Sale of Retail Property in Shreveport, Louisiana
- Wikipedia: Real Estate Investment Trust
- ReBusiness Online: SRS Negotiates $10.4M Sale of Retail Property in Shreveport, Louisiana
- Google Search: Academy Sports + Outdoors
- Shreveport-Bossier Advocate: Mall St. Vincent in Shreveport May Have New Management
- Encyclopedia Britannica: Retail
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.
