3161 Texas St Bossier City, LA 71111-3209
Property profile & analytics
3161 Texas St, Bossier City, LA 71111-3209
- Retail space
- 22,250 SF
- 2.12 lot acres
Property ID
US36-1128924
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Big Lots / Discount Store
Property Details for 3161 Texas St
- Year built
- 1988
- Lot size
- 2.12 lot acres
- Property type
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,400,000
- 6.5%
- $2,215,000
- 7%
- $2,055,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,196,000
Market price range: $582k - $2.07M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bossier City
- County
- Bossier
- State
- Louisiana
- Longitude
- -93.6977
- Latitude
- 32.5305
- CBSA code
- 43340
- CBSA name
- SHREVEPORT-BOSSIER CITY, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$27,602
$60,590
$151,192
$211,782
-
$605,900
$1,007,948
$1,613,848
