Joe Hudson's Collision Center

Investment Overview

Fortis Net Lease is pleased to present this two-unit Joe Hudson's Collision Center portfolio located in the Shreveport, Louisiana area. Joe Hudson's Collision Center occupied the two properties in September 2022 and established a new 10-Year lease. There is 9.5 years remaining on the lease with four five-year options. There are 5% rent bumps every five years. There is approximately 4,600 SF of available space at the Barksdale Boulevard location which can be leased for additional rent. The Shreveport MSA is home to approximately 148,500 residents within five miles. The average household income within five miles is $63,750. The subject properties are located at the following: 1) 8752 Business Park Drive, Shreveport, LA and 2) 2654 Barksdale Boulevard, Bossier City, LA. The properties are all located in a dense area of National Credit Tenants including O'Reilly, Circle K, RaceWay, CVS, Walgreens, Kroger, Walmart, Firestone, Mavis Discount Tires, Dollar General, Family Dollar, Advanced Auto Parts, Planet Fitness, AT&T, Chase Bank, and many Quick Service Restaurants.

Investment Highlights

• Two-Unit Portfolio Located in Shreveport, Louisiana:
• Available SF for Rent: Opportunity to increase NOI and CAP rate by leasing 4,600 SF of available space
• Lease:9.5 years remaining on 10-Year Lease with Four Five-Year Options; 5% Rent Bumps Every Five Years
• Excellent Visibility, Access & Street Frontage: Both properties are situated directly off a major highway with daily traffic counts exceeding 40,000 VPD
• Recession Resistant Business: Over 290 million vehicles on the road
• Distracted Driving is on the rise, spurring Demand; 660,000 of drivers are using their cell phones while operating a vehicle at any moment in the day (NHTSA). 35% of teens admit to texting and driving, even though 94% of them understand the dangers(AAA).
• Demographics (5-Miles): Nearly 148,500 residents and 60,300 Households within 5 miles; Avg. HH Income of$63,750