Shreveport, LA, October 7, 2025
News Summary
SRS Real Estate Partners has brokered a $10.4 million sale of a single-tenant retail property in Shreveport, LA, leased to Academy Sports + Outdoors. Spanning 72,525 sqft on 7.7 acres, this investment features a secure absolute triple-net lease with 13 years remaining. This transaction reflects a strong retail market in the area, emphasizing demand for well-located properties occupied by recognizable brands.
Shreveport, LA
SRS Real Estate Partners has successfully brokered the sale of a single-tenant retail property in Shreveport, Louisiana for $10.4 million. The property, which is currently leased to Academy Sports + Outdoors, spans a total area of 72,525 square feet and sits on approximately 7.7 acres of land.
The lease agreement for the property is classified as an absolute triple-net, corporate guaranteed lease with 13 years remaining on the lease term. This type of lease structure creates a secure investment for the buyer, as the tenant is responsible for all property-related expenses, including maintenance, taxes, and insurance.
Michael Berk, Patrick Nutt, and Chip Watson from SRS Capital Markets represented the anonymous private investor who sold the property. The buyer is reported to be a publicly traded Real Estate Investment Trust (REIT), which has also chosen to remain anonymous. This real estate transaction highlights the continued interest in retail properties, especially those occupied by well-known brands like Academy Sports + Outdoors.
Property Details
- Sale Price: $10.4 million
- Size: 72,525 square feet
- Land Area: Approximately 7.7 acres
- Lease Type: Absolute triple-net, corporate guaranteed
- Remaining Lease Term: 13 years
- Year Built: 2018
Market Context
This sale underscores a robust retail market in Shreveport, LA, where demand for well-located retail properties continues to grow. Academy Sports + Outdoors is a recognizable name in the sporting goods sector, contributing stability to the property’s investment profile. The absolute triple-net lease structure also provides additional security for investors, which is particularly appealing in a fluctuating economy.
The participation of both a private seller and an institutional buyer, such as a publicly traded REIT, indicates a strong demand within the sector, facilitating continued interest in quality properties with long-term leases. This trend reflects a broader national interest in retail properties that have secured tenant relationships.
Conclusion
The successful transaction brokered by SRS Real Estate Partners is a sign of increasing activity in the real estate market, particularly for single-tenant retail spaces. Investors are actively seeking opportunities, especially in well-established retail sectors with reliable tenants. As the market continues to evolve, transactions like these will likely remain key indicators of investment health in the retail complex.
Frequently Asked Questions
What was the sale price of the property?
The sale price of the property was $10.4 million.
Who is the tenant of the property?
The property is leased to Academy Sports + Outdoors.
How large is the building?
The building has a total area of 72,525 square feet.
What type of lease is associated with the property?
The lease agreement is an absolute triple-net, corporate guaranteed lease.
How many years are remaining on the lease?
There are 13 years remaining on the lease.
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.
Key Features of the Property
| Feature | Details |
|---|---|
| Sale Price | $10.4 million |
| Building Size | 72,525 square feet |
| Land Area | 7.7 acres |
| Lease Type | Absolute triple-net |
| Remaining Lease | 13 years |
| Year Built | 2018 |
Deeper Dive: News & Info About This Topic
HERE Resources
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Additional Resources
- Shopping Center Business
- Wikipedia: Real Estate Investment Trust
- ReBusiness Online
- Google Search: Shreveport real estate market
- Shreveport-Bossier Advocate
- Encyclopedia Britannica: Retail
- Shopping Center Business
- Google News: Shreveport commercial 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.
