NNN Property with Replaced
For Sale
$595,000
1964 Airline Drive, Bossier City, LA 71112
Currently leased under a triple-net structure, with roof and air-conditioning updates supporting continued occupancy.
Property Size2,932 SF
Price / SF$202.93
Days on Market94
Property Features for 1964 Airline Drive
General Information
Standard status
Active
Size
2,932 SF
Property subtype
Business
Occupancy
100%
Additional Details
Gross Income
$60,000
Building Details
Year Built
1976
Listing Agency:
Century 21 Elite
(318) 868-3600
Listed By:
Michael Salter · License #0000012182
(318) 868-3000
Source:
Lonestarluxuryrealty
Added: Aug 2
Changed: Oct 29
Last Checked: Nov 1 at 5:10AM
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 Century 21 Elite
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Investment Insights
Based on property information with market context.
This NNN property contains 2,932 square feet and was constructed in 1976. The asset is currently occupied under a triple-net lease, with the existing tenant able to remain or vacate based on the buyer’s preference. The roof was replaced 10 years ago, and the air-conditioning system was replaced in 2023.
Located at 1964 Airline Drive in Bossier City, Louisiana, the property offers an established commercial address along Airline Drive. Its current lease structure, documented building improvements, and tenant flexibility provide the key operating details for evaluating the asset.
Located at 1964 Airline Drive in Bossier City, Louisiana, the property offers an established commercial address along Airline Drive. Its current lease structure, documented building improvements, and tenant flexibility provide the key operating details for evaluating the asset.
Key Highlights
- Current occupancy under a triple‑net lease
- 2,932‑square‑foot commercial property
- Roof replaced 10 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,323
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,460
$386.5K
Cap Rate 7%
$276,043
$276.0K
Cap Rate 9%
$214,700
$214.7K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$27.1K $9.24/SF
− Vacancy
−$1.3K −$0.45/SF
EGI
$25.8K $8.79/SF
− OpEx
−$6.4K −$2.20/SF
NOI
$19.3K $6.59/SF
Area
Bossier County, LA
Vacancy
4.90%
Lease Rate
$9.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,460
Cap Rate 7%
$276,043
Cap Rate 9%
$214,700
Alternative Uses
Best Use
Specialty Retail
$276.0K
$241.5K – $322.1K
NOI $19,323 @ 7.0% cap · market cap 3.25%
Second Best
Retail
$271.0K
$237.2K – $316.2K
NOI $18,972 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$499.1K
$436.7K – $582.3K
NOI $34,937 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
287k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 35%
Apparel 13%
Home Improvements & Furnishings 6%
Dillard's
Apparel
26,700 visits/mo
0.3 miles
Starbucks
Dining
19,728 visits/mo
0.1 miles
Ollie's Bargain Outlet
Shops & Services
17,505 visits/mo
0.2 miles
Chili's Grill & Bar
Dining
16,070 visits/mo
0.1 miles
Circle K
Shops & Services
15,936 visits/mo
0.4 miles
Demographics for 71112, LA
32,561
Population
14,248
Households
2.3
Avg Household Size
36
Median Age
25%
College-Educated
92%
High-School Grad
41.7 sq mi
ZIP Area
781
Density / Sq Mi
$59,814
Median Household Income
$41,110
Median Earnings
$1,181
Median Rent
$183,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Currently leased under a triple-net structure, with roof and air-conditioning updates supporting continued occupancy.
Where is this nnn property located?
The property is located at 1964 Airline Drive Bossier City, LA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Current occupancy under a triple‑net lease; 2,932‑square‑foot commercial property; Roof replaced 10 years ago
