Auto Service - Gas-Conv

Take 5 Oil Change | Shreveport-Bossier City MSA | Long Term Abs Net Ground Lease | 2019 Construction

1995 Airline Dr, Bossier City (Shreveport), LA 71112

Listing Price: $1,304,883

Cap Rate
6.00%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
10.50
Gross SF
1,418
Guarantor
Corporate Guarantee
Rentable SF
1,418
Price/Gross SF
$920.23
Lease Type
NNN Ground Lease
Rent Per Square Feet
$55.21

Investment Overview

Bossier City is a city in Bossier Parish, which is located on the northwestern border of Louisiana. Bossier City is located on the eastern bank of the Red River and is closely tied economically and socially to its larger sister city Shreveport on the opposite bank. The Shreveport–Bossier City Metropolitan Statistical Area (MSA) is the center of the region known as the Ark-La-Tex region, where Arkansas, Louisiana, and Texas meet. With a population of nearly 69,000, Bossier City is the sixth largest city in Louisiana and among the fastest growing. Bossier City is known for its tourism and casino gambling. 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, which is one of the four horse racetracks in Louisiana. Bossier City is home to the Louisiana Boardwalk, the largest outlet mall in Louisiana. In addition to tourism and retail, Bossier City has a large military economic base. One of the largest employers in northwest Louisiana is Barksdale Air Force Base, located south of Bossier City. Employing 14,500 people, Barksdale generates an annual economic impact of more than $812 million for the economy of Bossier Parish and surrounding communities.

Investment Highlights

  • Long Term Absolute Net Ground Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increase in 2026 and at Each Option. New 2019 High Quality Construction.
  • Densely Populated Area: Features more than 105k People Residing within a 5-Mile Radius. Supported by a Large Customer Base in the Surrounding Area.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility at a Signalized Prime Hard Corner to Combined Daily Traffic Counts Exceeding 55k+ Vehicles.
  • Corporate Guarantee by Driven Systems, LLC. Driven Brands has more than 3,100 Centers across North America and Generates Revenues of $2.6 billion a Year. In 2015, it became a Portfolio Company of Roark Capital Group.
  • Roark Capital Group is an Atlanta-based Private Equity Firm with Approximately $18 Billion in Assets Under Management.
  • In Close Proximity to Barksdale Air Force Base - 15,000 Active-Duty and Air Force Reserve Members Serve at Barksdale, and the Base has an Economic Impact of more than $790 Million on the Community.
  • Surrounded by Numerous National Retailers including CVS Pharmacy, Big Lots, Walgreens, Harbor Freight, Office Depot, Ollie's Bargain Outlet and many more.
  • Within Pierre Bossier Mall - A 600k+ Sq.Ft., 50+ Store Regional Shopping Center. The center is Arguably the most Identifiable and Accessible Center in the Shreveport/Bossier Market as it sits right off of I-20.

Exclusively Listed By

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

Auto Service - Gas-Conv

Take 5 Oil Change | Shreveport-Bossier City MSA | Long Term Abs Net Ground Lease | 2019 Construction

Listing Price: $1,304,883

Cap Rate
6.00%
Tenant Name
Take 5 Oil Change
Years Remaining On Lease
10.50
Gross SF
1,418
Guarantor
Corporate Guarantee
Rentable SF
1,418
Price/Gross SF
$920.23
Lease Type
NNN Ground Lease
Rent Per Square Feet
$55.21

Investment Highlights

  • Long Term Absolute Net Ground Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increase in 2026 and at Each Option. New 2019 High Quality Construction.
  • Densely Populated Area: Features more than 105k People Residing within a 5-Mile Radius. Supported by a Large Customer Base in the Surrounding Area.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility at a Signalized Prime Hard Corner to Combined Daily Traffic Counts Exceeding 55k+ Vehicles.
  • Corporate Guarantee by Driven Systems, LLC. Driven Brands has more than 3,100 Centers across North America and Generates Revenues of $2.6 billion a Year. In 2015, it became a Portfolio Company of Roark Capital Group.
  • Roark Capital Group is an Atlanta-based Private Equity Firm with Approximately $18 Billion in Assets Under Management.
  • In Close Proximity to Barksdale Air Force Base - 15,000 Active-Duty and Air Force Reserve Members Serve at Barksdale, and the Base has an Economic Impact of more than $790 Million on the Community.
  • Surrounded by Numerous National Retailers including CVS Pharmacy, Big Lots, Walgreens, Harbor Freight, Office Depot, Ollie's Bargain Outlet and many more.
  • Within Pierre Bossier Mall - A 600k+ Sq.Ft., 50+ Store Regional Shopping Center. The center is Arguably the most Identifiable and Accessible Center in the Shreveport/Bossier Market as it sits right off of I-20.

Investment Overview

Bossier City is a city in Bossier Parish, which is located on the northwestern border of Louisiana. Bossier City is located on the eastern bank of the Red River and is closely tied economically and socially to its larger sister city Shreveport on the opposite bank. The Shreveport–Bossier City Metropolitan Statistical Area (MSA) is the center of the region known as the Ark-La-Tex region, where Arkansas, Louisiana, and Texas meet. With a population of nearly 69,000, Bossier City is the sixth largest city in Louisiana and among the fastest growing. Bossier City is known for its tourism and casino gambling. 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, which is one of the four horse racetracks in Louisiana. Bossier City is home to the Louisiana Boardwalk, the largest outlet mall in Louisiana. In addition to tourism and retail, Bossier City has a large military economic base. One of the largest employers in northwest Louisiana is Barksdale Air Force Base, located south of Bossier City. Employing 14,500 people, Barksdale generates an annual economic impact of more than $812 million for the economy of Bossier Parish and surrounding communities.

Exclusively Listed By

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

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