Current Use by Public Records
- Retail properties & Spaces
Property Details for 1900 Us-80
- Year built
- 1972
- Lot size
- 2.46 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
Exceptional investment opportunity featuring a 10,000-square-foot Mavis Discount Tire located at 1900 US-80 in Haughton, Louisiana (zip code 71037). This property boasts a brand new 20-year absolute triple-net (NNN) lease with a corporate guarantee from Mavis Discount Tires, one of the largest independent automotive service businesses in the United States, operating over 2,000 service centers across 38 states. The lease includes a 6.25% cap rate and attractive 5% rent bumps every five years, with multiple five-year renewal options ensuring long-term, stable income. Built in phases between 1972, 1990, and 2022, the building sits on a 2.46-acre lot and enjoys 100% occupancy. The property generates a net operating income (NOI) of $145,000 annually. Situated in Bossier Parish, within the Shreveport-Bossier City metropolitan statistical area, this easily accessible location along Highway 80 benefits from high visibility to over 19,500 vehicles daily, serving a growing trade area with 153,843 residents within a 10-mile radius. Mavis offers a comprehensive range of services beyond tires, including brakes, alignments, oil changes, suspension work, battery replacement, and exhaust repairs, contributing to its strong and consistent performance. This is a rare opportunity to acquire a high-performing, net-leased asset with a blue-chip tenant and significant upside potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Haughton
- County
- Bossier Parish
- State
- Louisiana
- Longitude
- -93.6066
- Latitude
- 32.5555
