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    1898 Airline Dr Bossier City, LA 71112

    For Sale
    $1,107,455

    High-traffic location, strong tenant.

    Property size:
    4,660 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fee-simple, two-tenant retail building in Bossier City, Louisiana. The property, totaling 4,660 square feet, sits on a 0.77-acre lot and boasts a 100% occupancy rate, anchored by a credit-rated Valvoline Instant Oil Change. The absolute NNN lease features a 1.5% annual rent increase and four 5-year renewal options, ensuring long-term stability. With a current NOI of $78,102 and a cap rate of 7.05%, this property offers a compelling return on investment. The lease commenced January 31, 2017, and expires January 30, 2027, leaving approximately 3.6 years remaining. The asking price is $1,107,455, translating to $237.65 per square foot. Located at 1898 Airline Drive, this Class B property benefits from its high-traffic corner location near Interstate 20. The building consists of two one-story structures. This is a rare opportunity to acquire a well-performing, multi-tenant retail asset with a strong national tenant in a prime location. The property's APN is 1813275P2.

    Property Features for 1898 Airline Dr

    General Information

    Property type
    Automotive properties
    Square Feet
    4,660 SF
    Class
    B
    Lot Size
    33,541 SF

    Building Details

    Buildings
    2
    Stories
    1
    Units
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sweet Glazed Donut Donut Shop Valvoline Instant Oil ... Oil Change Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bossier City
    County
    Bossier Parish
    State
    Louisiana
    Longitude
    -93.6958968
    Latitude
    32.5210662

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    FAQs

    What type of property is this?
    Automotive property - High-traffic location, strong tenant.
    Where is this automotive property located?
    The property is located at 1898 Airline Dr Bossier City, LA.
    What is the asking price?
    The asking price for this property is $1,107,455.
    Request Owner's contact information
    1898 Airline Dr Bossier City, LA 71112
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    Bossier City, LA 71112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1898 Airline Dr Bossier City, LA 71112
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