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    3319 Texas St Bossier City, LA 71111

    Sponsored
    For Sale
    $2,300,000

    Gerber Collision & Glass, strong tenant, high ROI

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 12,000 square foot, single-tenant net-leased auto shop in Bossier City, Louisiana. The property, built in 2006, is situated on a 1.39-acre lot and boasts a 100% occupancy rate with Gerber Collision & Glass, a subsidiary of the publicly traded Boyd Group Services, Inc. The current lease, commenced March 18, 2022, has a remaining term of 7.3 years with a 10-year initial term and includes 10% rental increases every five years. The property features a strong Net Operating Income (NOI) of $143,256, resulting in a compelling 6.23% cap rate and a price per square foot of $191.67. The asking price is $2,300,000. The property is zoned B-3 and benefits from a prime retail location. Gerber recently invested in new roofing systems with a 20-year warranty starting January 2024. This investment offers a secure, long-term lease with a financially stable and growing tenant in a desirable location, presenting significant potential for return. The low rent-to-sales ratio further enhances the investment's attractiveness. This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and significant upside potential.

    Property Features for 3319 Texas St

    General Information

    Property type
    Automotive properties
    Square Feet
    12,000 SF
    Lot Size
    60,548 SF

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1

    HighLights

    • $2,300,000 asking price for a 12,000 square foot auto shop.
    • Net‑leased property with a 6.23% cap rate.
    • Gerber Collision & Glass is the single tenant, with a 7.3‑year remaining lease term (10‑year initial term).
    • Located at 3319 E Texas St, Bossier City, LA 71111, on a 1.39‑acre lot.
    • 100% occupancy since March 18, 2022, generating a $143,256 NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gerber Collision & Glass Auto Body Shop

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Daycare Center Gym & Fitness Accounting Firm

    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
    -93.695009911992
    Latitude
    32.529685893967

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    FAQs

    What type of property is this?
    Automotive property - Gerber Collision & Glass, strong tenant, high ROI
    Where is this automotive property located?
    The property is located at 3319 Texas St Bossier City, LA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: $2,300,000 asking price for a 12,000 square foot auto shop.; Net-leased property with a 6.23% cap rate.; Gerber Collision & Glass is the single tenant, with a 7.3-year remaining lease term (10-year initial term).
    (318) 213-1555
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    3319 Texas St Bossier City, LA 71111
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    Bossier City, LA 71111
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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
    3319 Texas St Bossier City, LA 71111
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