2001-2035 Texas St Bossier City, LA 71111

Property Details for 2001-2035 Texas St

Year built

1965

Lot size

13.02 lot acres

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Bossier City, LA shopping center boasts 140,157 square feet of net rentable space, currently enjoying 99% occupancy. Built in 1965 and situated on a 13.02-acre lot (APN: 138796, 208334, 175769, 129755), the property generates a strong NOI of $1,774,151. The center is anchored by a mix of national and regional tenants, including long-term occupants such as 2nd & Charles (since 1994), Office Depot (since 1995), Toys for Trucks (since 2014), Kid to Kid (since 2015), Arby's (since 1993), Fantastic Sam's (since 2014), and Speedy Cash (since 2015). Its prime location on Airline Drive, a major retail thoroughfare, sees 60,000 cars daily at a signalized intersection. The center benefits from its proximity to other major retailers like Lowe's, Sam's Club, Target, and Walmart, and its position across from the 600,000 square foot Pierre Bossier Mall, the top-performing regional mall in the Shreveport MSA. The property's strategic location offers easy access to I-20 and Shreveport Regional Airport. The surrounding Shreveport-Bossier City MSA, the third largest in Louisiana, has a population of 440,000 and is experiencing significant growth, including a new $200 million Amazon fulfillment center and the presence of Barksdale Air Force Base. This property presents a compelling investment opportunity, with potential for a break-up strategy of six pad buildings. The center's high traffic count, strong tenant base, and prime location make it an attractive investment. Data from Placer.ai ranks this as the #1 most trafficked strip/convenience center within a 50-mile radius and #11 in Louisiana, attracting 1.2 million visitors annually.

Location Insight

City

Bossier City

County

Bossier

State

Louisiana

Longitude

-93.7038

Latitude

32.5303