Restaurant Redevelopment Opportunity For
2115 Old Minden Rd, Bossier City, LA 71112
For Sale
Contact for pricing
Second-generation restaurant with drive-thru in dense retail corridor.
Property Size4,123 SF
Price / SF$181.91
Days on Market264
Property Features for 2115 Old Minden Rd
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Year Renovated
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Feb 20
Changed: Nov 4
Last Checked: Nov 10 at 7:46AM
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
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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 / Yr
$27,172
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
168k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Apparel 23%
Shops & Services 14%
Hotels & Casinos 7%
Texas Roadhouse
Dining
42,346 visits/mo
0.1 miles
Dillard's
Apparel
26,700 visits/mo
0.4 miles
Whataburger
Dining
21,928 visits/mo
0.5 miles
Circle K
Shops & Services
17,209 visits/mo
0.3 miles
JCPenney
Apparel
11,508 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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).
