3161 Texas StBossier City, LA 71111

Property Details for 3161 Texas St

Year built

1988

Lot size

2.12 AC

Property size (Sq ft)

22,250 SF

Property type

Retail properties

Property subtype

Retail space

APN

134844

APU

134844

Description

This exceptional investment opportunity presents a fee-simple, 22,201 square foot convenience store and grocery store in Bossier City, Louisiana. The property boasts a 100% occupancy rate with a corporate-guaranteed, absolute NNN lease to Big Lots, a leading discount retailer. The 20-year lease includes a favorable 2% annual rent increase, ensuring consistent and growing income. The property's strong NOI of $174,761 translates to a 6.25% cap rate, making it an attractive addition to any portfolio. Situated on a 99,997 square foot lot, the property offers significant value-add potential, including potential for pad development, given its size and location. The asking price is $2,796,182, or $125.95 per square foot. The property is offered free and clear of financing, allowing investors to leverage current market conditions for advantageous financing options. The location benefits from strong demographics, with a substantial population and high average household income within a five-mile radius. This property is ideally suited for investors seeking a stable, high-performing retail asset with significant long-term growth potential. The lease structure provides superior long-term capital protection, and the property's location within a bustling retail corridor ensures excellent visibility and accessibility. The property is available for a 1031 exchange.

• CAP approach

  CAP return

  Valuation

  6%

  $8,991,215

  6.5%

  $8,299,583

  7%

  $7,706,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,590,485

  Geo Method

  $4,010,687

• Alternative Use

  Use

  Valuation

  Residential

  $7,001,009

  Hospitality

  $6,412,886

  Educational

  $5,335,446

  Medical

  $5,518,940

  Retail

  $8,299,583

Location Insight

City

Bossier City

County

Bossier

State

Louisiana

Latitude

32.5305

Longitude

-93.6977

CBSA code

43340

CBSA name

SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.