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2968 E Texas St
Bossier City, LA 71111
Retail Property For Sale

Investment Highlights

  • Long-Term, 25-Year Absolute Triple Net (NNN) Lease with ~20 Years Remaining
  • Attractive Two Percent (2.00%) Annual Rental Increases
  • Dense Retail Corridor | Walmart, The Home Depot, Lowe’s, Kroger, Dillard’s, JCPenney, Walgreens, CVS Pharmacy, Office Depot and More
  • Corporate Guaranty (700+ Locations in U.S. & Canada)
  • Four (4), Five (5)-Year Tenant Renewal Options
  • Compelling Location Fundamentals | Less than a One-Mile Radius of Bossier Civic Center | A 24,000 SQFT Convention & Meeting Center

Property Facts

Property Type
Retail
Property Subtype
Restaurant
Building Size
8,500 SF
Building Class
C
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.00 AC
Frontage
341’ on E Texas St

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signalized Intersection

About 2968 E TEXAS ST , BOSSIER CITY, LA 71111

This Red Lobster property is situated on East Texas Street, which boasts average daily traffic counts of 19,000 vehicles respectively. East Texas Street intersects with Airline Drive, which sees average daily traffic counts of 45,000. Interstate-20 runs parallel with East Texas Street, which brings an additional 64,300 into the immediate area. There are more than 107,000 individuals residing within a five-mile radius of the property and more than 263,600 individuals within a ten-mile radius. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping malls, and an air force base all within close proximity of this property. Major national tenants in the area include: Walmart, The Home Depot, Lowe’s, Kroger, Dillard’s, JCPenney, Walgreens, CVS Pharmacy, Office Depot, as well as many others. This Red Lobster also benefits from being situated in close proximity to the Bossier Civic Center, which is part of a massive Municipal Complex sitting on 20 acres. The facility offers 24,000 square feet of unobstructed space for meetings, conventions, or trade shows with an additional 7,500 square-foot banquet hall. Barksdale Air Force Base is also located within close proximity of this Red Lobster. Bossier City is a city in Bossier Parish, which is located on the northwestern border of Louisiana. It is the second most populous city in the Shreveport-Bossier City metropolitan area and is located on the eastern bank of the Red River. This allows the city to be closely tied economically and socially to its larger sister city Shreveport on the opposite bank. Bossier City has become the sixth-largest city in the state and the fastest-growing one. Bossier City is served by the Bossier Parish Schools and has a total enrollment exceeding 22,000 students. The city hosts four riverboat casino gambling resorts along the east bank of the Red River: Margaritaville, Horseshoe, Boomtown, and Diamond Jack's. Horse racing and gambling on slot machines is also available at Harrah's Louisiana Downs. Bossier City is a railroad and industrial center in a cotton- and oil-producing region; its manufactures include petroleum and wood products. Services also are important, including tourism (notably casino gambling) and those associated with nearby Barksdale Air Force Base, a component of the United States Strategic Command. Inc.

Property Taxes

Property Taxes

Parcel Number
128504
Land Assessment
$99,897
Improvements Assessment
$78,359
Total Assessment
$178,256
  • Listing ID: 15801495

  • Date on Market: 4/22/2019

  • Last Updated:

  • Address: 2968 E Texas St, Bossier City, LA 71111

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