Overview
Joe Hudson's Collision Shop
This Joe Hudson's Collision shop is located in Bossier City, Louisiana, part of the Shreveport MSA. Joe Hudson's acquired the business from Brock's Collision in September 2022 and established a new 10-year lease. The lease has 9.5 years remaining, with four five-year options and 5% rent increases every five years. The property is situated off a major highway with daily traffic counts exceeding 40,000 vehicles per day. The surrounding area is a dense commercial zone with national credit tenants, including O'Reilly, Circle K, RaceWay, CVS, Walgreens, Kroger, Walmart, Firestone, Mavis Discount Tires, Dollar General, Family Dollar, Advance Auto Parts, Cricket, Planet Fitness, Claire's, Homewood Suites, Walmart, AT&T, Chase Bank, Exxon, and U-Haul, along with numerous quick-service restaurants. The location benefits from excellent visibility, access, and street frontage. The area within a five-mile radius has approximately 114,000 residents and 47,500 households, with an average household income of $62,700. There is an opportunity to increase net operating income and capitalization rate by leasing 4,600 square feet of available space.