For Sale
$1,529,412

108 Crown Ct PlBossier City, LA 71112

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 9,068-square-foot industrial property in Bossier City, Louisiana, currently occupied by Dale's Paving Inc. under a new 20-year absolute triple-net (NNN) lease. The lease features zero landlord responsibilities, a compelling 8.5% cap rate, and a substantial annual net operating income (NOI) of $130,000 in the first year, escalating 2.5% annually. The single-story building, constructed in 2012, sits on a 3.35-acre lot, offering ample outdoor storage space, ideal for the tenant's operations. The property includes 1,200 square feet of office space and 7,868 square feet of warehouse space, along with two storage sheds. Dale's Paving Inc., a well-established third-generation business with over 40 years of experience, utilizes this property as its headquarters. The lease includes four 5-year renewal options, providing long-term stability and predictable income growth. Located at 108 Crown Ct Pl, Bossier City, LA 71112, this property benefits from its strategic location within a robust industrial market experiencing significant rent growth and low vacancy rates. The sale price is $1,529,412. This is a rare opportunity to acquire a high-yield, low-risk investment with a strong, established tenant in a thriving market.

Highlights

  • Sale-leaseback opportunity: 20-year absolute NNN lease with Dale's Paving Inc., zero landlord responsibilities.
  • High-yield investment: 8.5% cap rate, $130,000 annual NOI (Year 1), 2.5% annual rent increases.
  • Established tenant: Dale's Paving, a third-generation business operating 40+ years in the Ark-La-Tex region.
  • Mission-critical property: Company headquarters since 2009, well-suited to business needs.
  • Ample outdoor storage: 3.35-acre lot, approximately 6% building coverage.
  • Strong industrial market: Bossier Parish submarket, over 25% rent growth in 3 years, 3.3% vacancy rate.

Property Details for 108 Crown Ct Pl

Property type
Warehouses, Industrial properties
Square Feet
9,068 SF
Year Built
2012
Buildings
1
Stories
1
Lot Size (sq. ft)
145,926 SF

Location Insight

City
Bossier City
County
Bossier Parish
State
Louisiana
Latitude
32.4412601
Longitude
-93.5920831
108 Crown Ct Pl, Bossier City, Louisiana

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108 Crown Ct Pl
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