108 Crown Ct PlBossier City, LA 71112

Property Details for 108 Crown Ct Pl

Year built

2012

Lot size

3.35 AC

Property size (Sq ft)

9,068 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

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.

Location Insight

City

Bossier City

County

Bossier Parish

State

Louisiana

Latitude

32.4413

Longitude

-93.5921

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