2640 Airline Dr
Bossier City, LA
Price:
$2,613,000
Cap Rate:
5.75%
NOI:
$150,231
Building Size:
Approx. 7,888 Sq. Ft.
Lot Size:
Approx. 1.43 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2015
Investment Overview
- 2015 Construction. 7,888+/- SF Building on 1.43+/- Acre Site
- 20-Year Ground Lease; 10+ Years Remaining with 7.5% Rental Increases for Original Term and Renewal Options 1-2 and 10% Rental Increases in Renewal Options 3-6
- Exceptional Demographics – More than 390,000 Residents & 67,000 Weekly Overnight Visitors in the MSA
- Prime Retail Corridor Location Along Airline Drive (34,000+ VPD), Connecting I-220 (54,000+ VPD) and I-20 (81,000+ VPD)
- Dominant Regional Retail Hub – Near Walmart, Lowe’s, Kroger, Home Depot, Hobby Lobby, Academy Sports, Target, and Sam’s Club
- Corporate Guaranty from National Restaurant Leader Backed by Inspire Brands, Buffalo Wild Wings is Nation’s Leading Casual Dining & Sports-Bar Chain
- Bossier City | Halfway Between Dallas, TX & New Orleans, LA | Population: 63,446+