Shreveport, Louisiana, October 7, 2025
News Summary
SRS Real Estate Partners has successfully facilitated the sale of a retail property in Shreveport for $10.4 million. The property, occupied by Academy Sports + Outdoors, spans 72,525 square feet and is situated on approximately 7.7 acres. With an absolute triple-net lease structure having 13 years remaining, the transaction highlights confidence in the retail sector. The sale involved a publicly traded REIT as the buyer and a private investor as the seller, with representation by Michael Berk, Patrick Nutt, and Chip Watson.
Shreveport, Louisiana – SRS Real Estate Partners has successfully facilitated the sale of a retail property in Shreveport for $10.4 million. The property in question is a single-tenant facility occupied by Academy Sports + Outdoors and spans 72,525 square feet. This transaction highlights a significant development in the local real estate market, particularly within the retail sector.
The property, built in 2018, is situated on approximately 7.7 acres of land. It is noteworthy that Academy Sports + Outdoors remains a stable tenant with a corporate guaranteed lease that is categorized as an absolute triple-net lease, encompassing 13 years remaining on the lease term. This arrangement indicates that the tenant is responsible for the majority of the property’s expenses, making it an appealing investment for the buyer.
The seller of the property is identified as a private investor, while the buyer is a publicly traded Real Estate Investment Trust (REIT). The specific identities of both parties involved in the transaction have been kept anonymous. The deal was represented by a capable team from SRS Capital Markets, specifically Michael Berk, Patrick Nutt, and Chip Watson.
This sale is viewed as a positive indicator for the retail market in Shreveport and reflects the ongoing demand for well-located properties that feature stable tenants. The financing of the property by a REIT also underscores the confidence investors have in the commercial real estate sector, particularly for single-tenant retail establishments.
Investments in properties such as this one align with current trends demonstrating an ongoing appetite for durable and dependable income-generating assets. The Academy Sports + Outdoors location is situated within a favorable market area, contributing to its attractiveness for both buyers and tenants.
Key Features of the Property
– Sale Price: $10.4 million
– Size: 72,525 square feet
– Tenant: Academy Sports + Outdoors
– Lease Structure: Absolute triple-net with 13 years remaining
– Year Built: 2018
– Land Size: Approximately 7.7 acres
– Seller: Private investor
– Buyer: Publicly traded REIT
– Brokered by: Michael Berk, Patrick Nutt, and Chip Watson
As the retail landscape transforms, developments such as this transaction serve to bolster investor confidence and contribute to the overall endurance of the retail sector.
FAQ Section
Frequently Asked Questions
-
What was the sale price of the retail property in Shreveport?
The sale price was $10.4 million. -
What is the size of the property?
The property spans 72,525 square feet. -
What company occupies the property?
The property is occupied by Academy Sports + Outdoors. -
What type of lease does Academy Sports + Outdoors have?
They are on an absolute triple-net corporate guaranteed lease with 13 years remaining. -
When was the property built?
The property was built in 2018. -
How much land does the property occupy?
The property is located on approximately 7.7 acres of land. -
Who were the parties involved in the transaction?
The seller is a private investor, and the buyer is a publicly traded Real Estate Investment Trust (REIT). The identities of both parties have been kept anonymous. -
Who represented the deal?
The deal was represented by Michael Berk, Patrick Nutt, and Chip Watson of SRS Capital Markets.
Key Features Chart
| Feature | Details |
|---|---|
| Sale Price | $10.4 million |
| Size | 72,525 square feet |
| Tenant | Academy Sports + Outdoors |
| Lease Type | Absolute triple-net with 13 years remaining |
| Year Built | 2018 |
| Land Size | Approximately 7.7 acres |
| Seller | Private investor |
| Buyer | Publicly traded REIT |
| Brokered by | Michael Berk, Patrick Nutt, and Chip Watson |
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Additional Resources
- Shopping Center Business: Sale of Retail Property in Shreveport
- REB Business Online: Sale of Retail Property Leased to Academy Sports
- Shreveport Times: Acquisition of Industrial Portfolio
- Shreveport Bossier Advocate: Making Money on Commercial Property
- Shreveport Times: Grey Wolf Painting Expands Services
- Wikipedia: Commercial Real Estate
- Google Search: Shreveport real estate market
- Encyclopedia Britannica: Real estate industry
- Google News: Shreveport retail property
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.
