Restaurant Redevelopment Opportunity For
For Sale
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2115 Old Minden Rd, Bossier City, LA 71112
Second-generation restaurant with drive-thru in dense retail corridor.
Property Size4,123 SF
Price / SF$181.91
Days on Market173
Property Features for 2115 Old Minden Rd
General Information
Standard status
Active
Size
4,123 SF
Property subtype
Retail
Building Details
Year Built
1999
Year Renovated
2008
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Matthew Anuszkiewicz · License #NY 10401294046
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 11 at 2:09PM
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 redevelopment opportunity is ideal for an owner-user or operator looking to convert an existing second-generation restaurant space with a drive-thru. The property is situated in a dense retail corridor, benefiting from its proximity to national tenants such as 7-Brew, IHOP, Denny’s, Subway, and Texas Roadhouse, all within a two-mile radius, which significantly increases foot traffic. The location provides strong exposure to local and commuter traffic due to its close proximity to Shreveport, the region’s primary economic and commercial hub. Located directly off I-20, a major thoroughfare running through Shreveport, the site experiences traffic counts exceeding 69,290 vehicles daily. The surrounding trade area supports consistent consumer demand, creating an ideal opportunity for a new tenant to establish a strong presence within the greater Shreveport market. The property size is 4,123 square feet.
Key Highlights
- Redevelopment opportunity: Convert existing second‑generation restaurant space and drive‑thru.
- High Traffic Location: Over 69,290 vehicles daily due to proximity to I‑20.
- Dense Retail Corridor: Surrounded by national tenants (7‑Brew, IHOP, Denny’s Subway, Texas Roadhouse).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,172
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,440
$543.4K
Cap Rate 7%
$388,171
$388.2K
Cap Rate 9%
$301,911
$301.9K
Market Conditions
NOI Build-Up for 4,123 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.1K $9.24/SF
− Vacancy
−$1.9K −$0.45/SF
EGI
$36.2K $8.79/SF
− OpEx
−$9.1K −$2.20/SF
NOI
$27.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,440
Cap Rate 7%
$388,171
Cap Rate 9%
$301,911
Alternative Uses
Best Use
Specialty Retail
$388.2K
$339.7K – $452.9K
NOI $27,172 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$701.8K
$614.1K – $818.8K
NOI $49,129 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
128k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 19%
Hotels & Casinos 6%
Home Improvements & Furnishings 3%
Texas Roadhouse
Dining
42,346 visits/mo
0.2 miles
Whataburger
Dining
21,928 visits/mo
0.4 miles
Circle K
Shops & Services
17,209 visits/mo
0.3 miles
Denny's
Dining
9,263 visits/mo
0.4 miles
Wendy's
Dining
8,997 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Second-generation restaurant with drive-thru in dense retail corridor.
Where is this drive through restaurant located?
The property is located at 2115 Old Minden Rd Bossier City, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Redevelopment opportunity: Convert existing second‑generation restaurant space and drive‑thru.; High Traffic Location: Over 69,290 vehicles daily due to proximity to I‑20.; Dense Retail Corridor: Surrounded by national tenants (7‑Brew, IHOP, Denny’s Subway, Texas Roadhouse).
