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Northern Tool + Equipment - Corporate Guarantee w/ 2% Annual Increases

200 John Wesley Blvd, Bossier City, LA 71112

Listing Price: $5,498,000

Cap Rate
7.65%
Tenant Name
Northern Tool
Years Remaining On Lease
9.5
Gross SF
22,017
Guarantor
Corporate Guarantee
Rentable SF
22,017
Price/Gross SF
$249.72
Lease Type
Double Net
Rent Per Square Feet
$19.10

Investment Overview

Northern Tool + Equipment is an industry leader, offering a wide selection of products, from consumer goods to industrial and construction equipment. With over 120 store locations across more than 20 states, Northern Tool has a strong retail presence in the U.S. Northern Tool reaches an even wider audience through year-round catalog offerings, a website packed with over 100,000 tools, curbside store pickup, and nationwide delivery.

Bossier City is a city in Bossier Parish, Louisiana, home to an estimated 63,000 residents, making it the second-most populous city in the Shreveport-Bossier City metropolitan area. Located at the eastern bank of the Red River, Bossier City is closely tied economically and socially to its sister city, Shreveport, on the western bank.

Investment Highlights

  • Over Nine Years Remaining on Lease with Corporate Guaranty by Northern Tool + Equipment
  • 2 Percent Annual Rental Increases with Multiple Renewal Options
  • 107,252 Residents within a Five-Mile Radius - Growing Trade Area in the Shreveport MSA
  • Excellent Freeway Visibility, Situated Immediately Off Interstate 20 (Approximately 77,100 Cars per Day), a Major Connector for Northern Louisiana with Direct Access to Texas and Mississippi
  • Surrounded by National Retailers: Harbor Freight, JCPenney, McDonalds, Texas Roadhouse, and More
  • Minutes from Barksdale Air Force Base, the Region's Largest Employer
  • Close Proximity to Downtown Shreveport, Home to Shopping, Dining, Hotels, and Casinos

Exclusively Listed By

Financing By

Miscellaneous

Northern Tool + Equipment - Corporate Guarantee w/ 2% Annual Increases

Listing Price: $5,498,000

Cap Rate
7.65%
Tenant Name
Northern Tool
Years Remaining On Lease
9.5
Gross SF
22,017
Guarantor
Corporate Guarantee
Rentable SF
22,017
Price/Gross SF
$249.72
Lease Type
Double Net
Rent Per Square Feet
$19.10

Investment Highlights

  • Over Nine Years Remaining on Lease with Corporate Guaranty by Northern Tool + Equipment
  • 2 Percent Annual Rental Increases with Multiple Renewal Options
  • 107,252 Residents within a Five-Mile Radius - Growing Trade Area in the Shreveport MSA
  • Excellent Freeway Visibility, Situated Immediately Off Interstate 20 (Approximately 77,100 Cars per Day), a Major Connector for Northern Louisiana with Direct Access to Texas and Mississippi
  • Surrounded by National Retailers: Harbor Freight, JCPenney, McDonalds, Texas Roadhouse, and More
  • Minutes from Barksdale Air Force Base, the Region's Largest Employer
  • Close Proximity to Downtown Shreveport, Home to Shopping, Dining, Hotels, and Casinos

Investment Overview

Northern Tool + Equipment is an industry leader, offering a wide selection of products, from consumer goods to industrial and construction equipment. With over 120 store locations across more than 20 states, Northern Tool has a strong retail presence in the U.S. Northern Tool reaches an even wider audience through year-round catalog offerings, a website packed with over 100,000 tools, curbside store pickup, and nationwide delivery. Bossier City is a city in Bossier Parish, Louisiana, home to an estimated 63,000 residents, making it the second-most populous city in the Shreveport-Bossier City metropolitan area. Located at the eastern bank of the Red River, Bossier City is closely tied economically and socially to its sister city, Shreveport, on the western bank.

Exclusively Listed By

Financing By

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