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Shopping Strip

Momentum Retail Center

3107 Airline Dr, Bossier City, LA 71111

Listing Price: $4,265,000

Cap Rate
5.84%
Gross SF
8,500
Rentable SF
8,500
Price/Gross SF
$501.76
Lot Size
2.03 acres
Year Built
2020

Investment Overview

First a cotton-exporting river landing, next a railroad town, then an airbase and oil-boom town, Bossier City is now known for its tourism, Barksdale Air Force Base, and casino gambling. Three casinos in the city have financed a number of municipal projects. For the second consecutive year, Bossier City ranks as Money's best place to live in Louisiana. Money released its top 100 places to live in the United States late last month. Bossier City came in at No. 98 on the list. The Shreveport–Bossier City metropolitan area, officially designated Shreveport–Bossier City by the U.S. Office of Management and Budget, or simply Greater Shreveport, is a metropolitan statistical area in northwestern Louisiana that covers three parishes: Caddo, Bossier, and DeSoto. At the 2010 United States census, the Shreveport–Bossier City metropolitan area had a population of 439,000. The U.S. Census Bureau's 2018 estimate for the metropolitan area was 436,341 making it Louisiana's third largest metropolitan statistical area, and North Louisiana's largest. Shreveport–Bossier City is the largest economic and cultural center of North Louisiana and the wider Ark-La-Tex region. The Greater Shreveport metropolitan region comprises the highest concentration of colleges and universities in the Ark-La-Tex. It is part of the I-20 Cyber Corridor linking the area to Ruston, Grambling, and Monroe, Louisiana; Dallas and Tyler, Texas; and Atlanta, Georgia. The regional economy is shifting from oil and natural gas to manufacturing, casinos, telecommunications, banking and health care. The Shreveport–Bossier City's metropolitan economy is primarily based on oil and natural gas manufacturing, casinos, restaurants, commerce, telecommunications, technology, banking, healthcare and medical research, and advertising. The largest companies operating within the metropolitan statistical area are Calumet Specialty Products Partners, SWEPCO, AT&T Mobility and Cricket Wireless, Louisiana State University, JPMorgan Chase, Comcast, Regions Financial Corporation, Brookshire Grocery Company, and Walmart. One of the major economic drivers to the area is Barksdale Air Force Base, the largest employer in the Shreveport-Bossier City area, with more than 14,000 employees. Of those, 1,188 are civilian employees – an important portion of the local workforce that is engaged in supporting the goals of the U.S. Air Force. BAFB had an approximately $807.5 million economic impact on the Shreveport-Bossier City area in 2018.

Investment Highlights

  • Brand New 2020-2021 construction with 20 year roof warranty-TPO Membrane Roof
  • Three absolute net leased with 100% pro rata reimbursements on CAM, Taxes and Insurance
  • All three leases are ten years for base term and basically concurrent with rent commencement Jan-Feb 2021

Exclusively Listed By

Shopping Strip

Momentum Retail Center

Listing Price: $4,265,000

Cap Rate
5.84%
Gross SF
8,500
Rentable SF
8,500
Price/Gross SF
$501.76
Lot Size
2.03 acres
Year Built
2020

Investment Highlights

  • Brand New 2020-2021 construction with 20 year roof warranty-TPO Membrane Roof
  • Three absolute net leased with 100% pro rata reimbursements on CAM, Taxes and Insurance
  • All three leases are ten years for base term and basically concurrent with rent commencement Jan-Feb 2021

Investment Overview

First a cotton-exporting river landing, next a railroad town, then an airbase and oil-boom town, Bossier City is now known for its tourism, Barksdale Air Force Base, and casino gambling. Three casinos in the city have financed a number of municipal projects. For the second consecutive year, Bossier City ranks as Money's best place to live in Louisiana. Money released its top 100 places to live in the United States late last month. Bossier City came in at No. 98 on the list. The Shreveport–Bossier City metropolitan area, officially designated Shreveport–Bossier City by the U.S. Office of Management and Budget, or simply Greater Shreveport, is a metropolitan statistical area in northwestern Louisiana that covers three parishes: Caddo, Bossier, and DeSoto. At the 2010 United States census, the Shreveport–Bossier City metropolitan area had a population of 439,000. The U.S. Census Bureau's 2018 estimate for the metropolitan area was 436,341 making it Louisiana's third largest metropolitan statistical area, and North Louisiana's largest. Shreveport–Bossier City is the largest economic and cultural center of North Louisiana and the wider Ark-La-Tex region. The Greater Shreveport metropolitan region comprises the highest concentration of colleges and universities in the Ark-La-Tex. It is part of the I-20 Cyber Corridor linking the area to Ruston, Grambling, and Monroe, Louisiana; Dallas and Tyler, Texas; and Atlanta, Georgia. The regional economy is shifting from oil and natural gas to manufacturing, casinos, telecommunications, banking and health care. The Shreveport–Bossier City's metropolitan economy is primarily based on oil and natural gas manufacturing, casinos, restaurants, commerce, telecommunications, technology, banking, healthcare and medical research, and advertising. The largest companies operating within the metropolitan statistical area are Calumet Specialty Products Partners, SWEPCO, AT&T Mobility and Cricket Wireless, Louisiana State University, JPMorgan Chase, Comcast, Regions Financial Corporation, Brookshire Grocery Company, and Walmart. One of the major economic drivers to the area is Barksdale Air Force Base, the largest employer in the Shreveport-Bossier City area, with more than 14,000 employees. Of those, 1,188 are civilian employees – an important portion of the local workforce that is engaged in supporting the goals of the U.S. Air Force. BAFB had an approximately $807.5 million economic impact on the Shreveport-Bossier City area in 2018.

Exclusively Listed By

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