100 Benton SpurBossier City, LA 71111

Property Details for 100 Benton Spur

Year built

1989

Lot size

13.48 AC

Property size (Sq ft)

1,225 SF

Property type

Retail properties

Property subtype

Retail space

APN

127405

APU

127405

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-story convenience store and gas station, built in 2025 and opening February 2025. The property boasts a 20-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant, Murphy USA, a company operating approximately 1,600 locations nationwide. The lease features attractive 8% rent increases every five years, providing significant long-term growth potential. Located at the hard-signalized intersection of Benton Spur and Old Minden Rd in Bossier City, Louisiana (zip code 71111), this 1.48-acre site benefits from exceptional visibility and high traffic counts exceeding 36,400 vehicles daily. The property is situated in a thriving retail corridor with numerous national tenants, including Texas Roadhouse, O'Reilly's, McDonald's, and Whataburger. The strong demographics are highlighted by a 5-mile population of approximately 107,402 residents and an average household income of $71,521. The property's Net Operating Income (NOI) is $115,000, yielding a 5.75% cap rate. The lease includes four, five-year renewal options, further securing the long-term investment value. This is a rare opportunity to acquire a high-performing, low-management retail asset with substantial upside potential. The lease commences February 25, 2025, and expires February 15, 2045.

• CAP approach

  CAP return

  Valuation

  6%

  $495,022

  6.5%

  $456,943

  7%

  $424,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $583,072

  Geo Method

  $220,813

• Alternative Use

  Use

  Valuation

  Residential

  $385,449

  Hospitality

  $353,069

  Educational

  $293,749

  Medical

  $303,852

  Retail

  $456,943

Location Insight

City

Bossier City

County

Bossier

State

Louisiana

Latitude

32.517

Longitude

-93.7146

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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