x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Take 5 Oil Change Ground Lease, Bossier City, LA

Take 5 Oil Change Ground Lease

Price $1,362,000
Cap Rate 5.75%
NOI $78,293
Lease Term 11.5 years
Lease Type Absolute NNN ground lease, with tenant responsible for all taxes, insurance, maintenance, and repair, including roof, structure, and parking lot
Rental Increases 10% rental increases in initial term and options
Year Built 2019
Building Size 1,418 SF
Lot Size 0.71 acres (30,751 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

LONG-TERM ABSOLUTE NNN GROUND LEASE
» 11.5-year NNN ground lease with 10% rental increases in initial term and options, providing a hedge against inflation
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, providing an ideal investment opportunity for an out-ofarea investor
» Leased to corporate entity with more than 450 units

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Conveniently located at the signalized intersection of East Texas Street and Airline Drive, with excellent visibility and access to 64,097 vehicles per day
» Immediate access to Interstate 20 (67,027 AADT)
» Directly in front of Pierre Bossier Mall, anchored by Dillard’s and JCPenney

CENTRAL LOCATION NEAR MAJOR EMPLOYERS
» Less than three miles from the downtown areas of Bossier City and Shreveport
» Minutes from popular riverboat casinos and hotels, which serve as major tourist attractions and are among the region’s largest employers
» Near Barksdale Air Force Base, which has 14,500 employees and serves as a major economic engine for the region
» Close to Bossier Parish Community College (6,537 students and 302 employees)
» Supported by a large customer base in the surrounding area, with 106,311 residents living and 92,455 daytime employees working within a five-mile radius

DYNAMIC TENANT SERVING A PRACTICAL NEED
» Drive-thru oil change in less than five minutes, with the customer remaining in their vehicle during service
» Take 5 is experiencing explosive growth and recently announced franchising plans



Property Description

The property is conveniently located at the signalized intersection of East Texas Street and Airline Drive, with excellent visibility and access to 64,097 vehicles per day. Airline Drive provides immediate access to Interstate 20, which has a high traffic count of 67,027 vehicles per day near the property. Located in a dense retail corridor, the property is directly in front of Pierre Bossier Mall, anchored by Dillard’s and JCPenney. Other notable tenants within the mall include American Eagle, Hibbett Sports, Forever 21, Logan’s Roadhouse, David’s Bridal, and more. The property is surrounded by several other large shopping centers and major retailers, including Harbor Freight Tools, CVS, Big Lots, Regal Cinemas, and Office Depot, amongst many others.

The property is centrally located and benefits from a strong customer base in the surrounding area. The property is less than three miles from the downtown areas of Bossier City and Shreveport, which are located on opposite sides of the Red River. As a result, the property is just minutes from popular riverboat casinos and hotels, which serve as major tourist attractions and are among the region’s largest employers. The property is also near Barksdale Air Force Base, which has 14,500 employees and serves as a major economic engine for the region. The property is also close to Bossier Parish Community College (6,537 students and 302 employees). Additionally, the property is supported by a large customer base in the surrounding area, with 106,311 residents living and 92,455 daytime employees working within a five-mile radius.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link