Red Lobster Triple-Net
For Sale
Contact for pricing
2968 E Texas St, Bossier City, LA 71111
Absolute triple-net leased Red Lobster with roughly 8,500 rentable square feet on an estimated 1.98-acre site.
Property Size8,500 SF
Lot Size1.98 Acres
Days on Market121
Property Features for 2968 E Texas St
General Information
Standard status
Active
Size
8,500 SF
Lot size
1.98 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 8:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
This offering features a Red Lobster restaurant property subject to an absolute triple-net (NNN) lease with a remaining term of 26.5 years, which commenced July 28, 2014. The building includes roughly 8,500 rentable square feet, situated on an estimated 1.98-acre parcel of land.
The lease includes scheduled rent increases of 2.00% annually throughout the base term and each of the four (4) five-year renewal options.
The asset is presented as a single-tenant, NNN investment with ongoing lease payments governed by the lease terms described above.
The lease includes scheduled rent increases of 2.00% annually throughout the base term and each of the four (4) five-year renewal options.
The asset is presented as a single-tenant, NNN investment with ongoing lease payments governed by the lease terms described above.
Key Highlights
- Absolute triple‑net (NNN) leased Red Lobster at 2968 East Texas Avenue in Bossier City, LA
- Roughly 8,500 rentable SF building on an estimated 1.98‑acre parcel
- 26.5‑year absolute NNN lease commenced July 28, 2014
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
283k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 34%
Apparel 13%
Home Improvements & Furnishings 6%
Dillard's
Apparel
26,700 visits/mo
0.1 miles
Starbucks
Dining
19,728 visits/mo
0.2 miles
Ollie's Bargain Outlet
Shops & Services
17,505 visits/mo
0.2 miles
Chili's Grill & Bar
Dining
16,070 visits/mo
0.2 miles
Circle K
Shops & Services
15,936 visits/mo
0.3 miles
Demographics for 71111, LA
44,476
Population
19,563
Households
2.3
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
45.2 sq mi
ZIP Area
984
Density / Sq Mi
$66,465
Median Household Income
$43,483
Median Earnings
$1,065
Median Rent
$268,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute triple-net leased Red Lobster with roughly 8,500 rentable square feet on an estimated 1.98-acre site.
Where is this nnn property located?
The property is located at 2968 E Texas St Bossier City, LA.
What are key features of this property?
This property features: Absolute triple‑net (NNN) leased Red Lobster at 2968 East Texas Avenue in Bossier City, LA; Roughly 8,500 rentable SF building on an estimated 1.98‑acre parcel; 26.5‑year absolute NNN lease commenced July 28, 2014
