For Sale
$2,986,186

2142 Airline DrBossier City, LA 71111

High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 12,600-square-foot shopping center in Bossier City, Louisiana, presents a compelling value-add investment opportunity. Located at 2142 Airline Drive, this single-story, multi-tenant property sits on a 1.63-acre lot and boasts 89% occupancy with six units, generating a strong net operating income (NOI) of $209,033 and a 7.00% cap rate. Built in 1997 and renovated in 2021, the center benefits from a triple-net (NNN) lease structure with existing leases featuring escalating rents. The property enjoys high visibility and accessibility, situated less than a mile from Interstate 20, experiencing daily traffic counts exceeding 34,000 vehicles on Airline Drive. A double-sided monument sign enhances visibility, and ample parking (69+ spaces) and three points of ingress/egress ensure convenient access. The strategic location within Bossier City's prime retail corridor, near major national retailers like Dillard's, The Home Depot, and Lowe's, and the proximity to Barksdale Air Force Base, serving a population of approximately 93,400 within a 5-mile radius, guarantees a consistent customer base. The asking price is $2,986,186, translating to $237 per square foot. This property offers a rare chance to acquire a well-positioned, high-performing retail asset in a thriving market.

Highlights

  • Investment-grade retail center available for purchase on Airline Drive.
  • 12,600 SF retail building on a 1.63-acre lot, 89% occupied.
  • Existing leases feature escalating rent provisions.
  • High visibility with a double-sided monument sign.
  • Abundant parking with 69+ spaces and three points of ingress/egress.

Property Details for 2142 Airline Dr

Property type
Lifestyle centers, Power centers
Square Feet
12,600 SF
Year Built/Renovated
1997/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
71,003 SF
Units
6

Location Insight

City
Bossier City
County
Bossier Parish
State
Louisiana
Latitude
32.5372118
Longitude
-93.7069269
2142 Airline Dr, Bossier City, Louisiana

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2142 Airline Dr
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