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Shopping Strip

Riverwood Plaza

2100 Benton Rd, Bossier City, LA 71111

Listing Price: $1,700,000

Cap Rate
8.59%
Gross SF
9,171
Rentable SF
9,171
Price/Gross SF
$185.37
Lot Size
1.09 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to exclusively list Riverwood Plaza in Bossier City, LA. Riverwood Plaza is a 9,171 square foot shopping center, built in 2004, that is located on a hard corner of the signalized intersection at Benton Road and Riverwood Drive. The property is in-line with Benton Road, which sees over 36,000 vehicles per day. The property’s tenants include Pizza Hut, Southern Pho, and Wings & Rice. Pizza Hut has been at this location for over 17 years. None of the tenants required any rent concessions during COVID-19. The shopping center is being sold as 100 percent economically occupied. There are two vacancies totaling 3,646 square feet that the seller will sign master leases on for three years, while escrowing the total rent and triple nets at closing. The master leases will be signed at below-market rental rates of $12 per square foot plus triple nets, which will allow a buyer to lease the vacancies for a higher rental rate for upside in rents. Riverwood Plaza offers an investor a day one CAP rate of 8.59 percent and a cash-on-cash return of 15.86 percent with proposed debt service.

Investment Highlights

  • Hard Corner of Signalized Intersection
  • 8.6 Years of Average Rental History Per Tenant
  • Benton Road = 36,000 + Vehicles Per Day
  • 8.59% CAP Rate and 15.86% Cash-on-Cash Return

Exclusively Listed By

Financing By

Listing Price: $1,700,000

Cap Rate
8.59%
Gross SF
9,171
Rentable SF
9,171
Price/Gross SF
$185.37
Lot Size
1.09 acres
Year Built
2004

Investment Highlights

  • Hard Corner of Signalized Intersection
  • 8.6 Years of Average Rental History Per Tenant
  • Benton Road = 36,000 + Vehicles Per Day
  • 8.59% CAP Rate and 15.86% Cash-on-Cash Return

Investment Overview

Marcus & Millichap is pleased to exclusively list Riverwood Plaza in Bossier City, LA. Riverwood Plaza is a 9,171 square foot shopping center, built in 2004, that is located on a hard corner of the signalized intersection at Benton Road and Riverwood Drive. The property is in-line with Benton Road, which sees over 36,000 vehicles per day. The property’s tenants include Pizza Hut, Southern Pho, and Wings & Rice. Pizza Hut has been at this location for over 17 years. None of the tenants required any rent concessions during COVID-19. The shopping center is being sold as 100 percent economically occupied. There are two vacancies totaling 3,646 square feet that the seller will sign master leases on for three years, while escrowing the total rent and triple nets at closing. The master leases will be signed at below-market rental rates of $12 per square foot plus triple nets, which will allow a buyer to lease the vacancies for a higher rental rate for upside in rents. Riverwood Plaza offers an investor a day one CAP rate of 8.59 percent and a cash-on-cash return of 15.86 percent with proposed debt service.

Exclusively Listed By

Financing By

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