1935 Airline Dr - Bank FOR SALE


Bossier City, LA 71112- Barksdale
$3,200,000 USD
619-818-5852
1935 Airline Dr, Bossier City, LA for Sale
$3,200,000 USD
Bank - FOR SALE
1/10
null | 6.22% Cap Rate

1935 Airline Dr
Bossier City, LA 71112
Barksdale


HIGHLIGHTS

  • Opportunity to convert Gross Leases to NNN
  • Below-market rents for both Chase ($16/ft) and Office ($10/ft)
  • Long-Term Historical Occupancy - Chase has been here since 2007 and SGB Architects since 2009
  • Investment Grade Tenant – Chase Bank is rated AA- Stable by S&P, Aa2 Stable by Moody’s
  • This branch has roughly $200 million in deposits per the FDIC
  • Inflation Protection – Rent is scheduled to increase ~10% in 2027, and to Fair Market Rate each option period

OVERVIEW

*Densely Populated and Affluent Trade Area – Approximately 100,000 residents within 5 miles with an average household income over $82,800,projected to increase to $90,314 by 2030 *Offered at $167 PSF - well below replacement cost *High Traffic / Excellent Visibility – Located at the signalized intersection of Airline Drive and Old Minden Road with a combined 53,075 cars passing the site every day *½ mile west of Barksdale Air Force Base, a top employer regionally, and home to approximately 15,000 active-duty members, reservists, family members and civilian employees

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

6.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,097 SF

ZONING

B-3: General Business

APN/PARCEL ID

123448

ASK ABOUT THIS PROPERTY

Robert DonnellSRS Real Estate PartnersMore Info
619-818-5852

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Robert DonnellSRS Real Estate PartnersMore Info
619-818-5852

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.