For Sale
$1,107,455

1898 Airline DrBossier City, LA 71112

High-traffic location, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, two-tenant retail building in Bossier City, Louisiana. The property, totaling 4,660 square feet, sits on a 0.77-acre lot and boasts a 100% occupancy rate, anchored by a credit-rated Valvoline Instant Oil Change. The absolute NNN lease features a 1.5% annual rent increase and four 5-year renewal options, ensuring long-term stability. With a current NOI of $78,102 and a cap rate of 7.05%, this property offers a compelling return on investment. The lease commenced January 31, 2017, and expires January 30, 2027, leaving approximately 3.6 years remaining. The asking price is $1,107,455, translating to $237.65 per square foot. Located at 1898 Airline Drive, this Class B property benefits from its high-traffic corner location near Interstate 20. The building consists of two one-story structures. This is a rare opportunity to acquire a well-performing, multi-tenant retail asset with a strong national tenant in a prime location. The property's APN is 1813275P2.

Property Details for 1898 Airline Dr

Property type
Retail properties, Auto shops
Square Feet
4,660 SF
Class
B
Buildings
2
Stories
1
Lot Size (sq. ft)
33,541 SF
Units
2

Location Insight

City
Bossier City
County
Bossier Parish
State
Louisiana
Latitude
32.5210662
Longitude
-93.6958968
1898 Airline Dr, Bossier City, Louisiana

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1898 Airline Dr
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