3161 Texas St Bossier City, LA 71111-3209

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.